Newsfile Corp
18 Jun 2026, 01:23 UTC · 2h ago
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5 claims · each scored for market impact
Tantalex has entered into a term sheet for the potential strategic partial divestiture of its subsidiary, Sandstone Worldwide Ltd. — Divesting core assets to address 'short-term financial constraints' typically signals distress and a reduction in future upside for shareholders.
-0.60Tantalex granted Glencore a security interest in 50% of the issued and outstanding shares of its subsidiary, Sandstone. — Pledging a significant equity stake in a primary subsidiary as collateral increases the risk of asset loss if the company defaults on its debts.
-0.50The company entered into a 1.00% gross revenue royalty agreement with Glencore on tin, lithium, and tantalum produced from Target Properties. — Gross revenue royalties permanently reduce the profit margins and net cash flow available to the company regardless of its operating costs.
-0.40Continue reading
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Glencore has provided additional financing of US$2,000,000 to Tantalex as part of an amended convertible facilities agreement. — Immediate liquidity injection provides a short-term solvency bridge, though it comes with restrictive covenants and dilution risk.
+0.30Tantalex entered into additional 0.50% gross revenue royalties for lithium with SLC Asia and Infra-X Minerals. — Adds further layers of revenue leakage on top of the Glencore royalty, further eroding the project's economics.
-0.20Which stocks this story touches
The company is facing short-term financial constraints, restructuring operations, and granting royalties and share pledges to secure financing.
Glencore is securing a 1% gross revenue royalty, a share pledge in a subsidiary, and providing financing, strengthening its position.
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