GWR Group (ASX:GWR) Announces Financial Position and Strategic Acquisitions
Financial Overview
GWR Group reported total cash and investments of $53.58 million as of February 13, 2025, with a market capitalisation of $27.62 million. The enterprise value stands at negative $25.95 million. Investments include Tungsten Mining NL (ASX:TGN) shares valued at $15.98 million and E-Metals Ltd (ASX:EMT) shares valued at $123,154.
Project Acquisitions
GWR has conducted a comprehensive review of potential transactions globally, focusing on advanced-stage projects in Australia, North America, Africa, and Europe. The company has submitted a non-binding indicative offer for a significant transaction in Western Australia and is currently undertaking due diligence.
Royalty Streams
The company holds a gold royalty on the Gold Duke Project by Western Gold Resources Ltd (ASX:WGR), entitling it to $10 per troy ounce of gold until 50,000 ounces are recovered, then $5 per ounce thereafter. Additionally, GWR holds an iron ore royalty of A$2.00 per dry metric tonne on the West Wiluna Iron Ore Project, excluding the JWD deposit.
Investments in Critical Minerals
GWR holds a 19.68% interest in Tungsten Mining NL (ASX:TGN), valued at $15.98 million, and a smaller stake in E-Metals Ltd (ASX:EMT), valued at $123,154. These investments support GWR’s focus on critical minerals, particularly tungsten, amidst tightening global supply due to China’s export controls.
Current Main Undertaking
The Prospect Ridge Magnesite Project, in which GWR holds 70% ownership, has completed a phase two diamond drilling program. Metallurgical work is ongoing in collaboration with the University of Tasmania, and expressions of interest from refractory manufacturers have been received. The project successfully submitted its R&D submission for FY23, benefiting from federal government funding through AusIndustry.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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