Artemis Resources appoints corporate advisor for potential asset shake-up

Artemis Resources Ltd (ASX:ARV) has engaged independent boutique investment banking firm, Cutfield Freeman & Co. to assist in negotiations on potential corporate transactions.

The company has had numerous approaches including unsolicited offers and JV discussions from multiple parties.

This indicates significant interest in Artemis’s assets in the West Pilbara being its Radio Hill processing plant and 2,400 square kilometres of surrounding tenements.

Ongoing discussions with a large private group

Notably, Artemis has been in ongoing discussions with a large private group in regards to jointly undertaking a systematic review over the company’s tenement portfolio.

The collaboration would see the interested party’s proprietary technology utilised to potentially identify large-scale targets.

READ: Artemis Resources closer to Radio Hill operations with tailings facility approval

Artemis’s non-executive chairman Sheik Maktoum said: “Based on the numbers of enquiries we have been receiving regarding potential divestment or JV’s of our non-core assets, we considered it prudent to appoint a well-regarded mining finance and advisory firm.

“CF&Co has significant experience across the sector, and given their headquarters in London, they are a great fit for Artemis and our strategic plans.”

Cutfield Freeman & Co (CF&Co) has advised clients globally from the majors down to single asset juniors and across all commodities.

Artemis will update the market as soon as there is any formal agreement or corporate transaction.

Story by ProactiveInvestors