Overview of Nepean Nickel Project sale update

Future Battery Minerals Limited (ASX:FBM) has confirmed the completion of the Nepean Nickel Project sale, with Rocktivity making the final deferred consideration payment of $773,656. The sale agreement also includes provisions for a 1% net smelter royalty and a potential additional $500,000 payment to Eastern Coolgardie, subject to specific milestones.

Executive commentary on Nepean Nickel Project sale update

The completion of the Nepean Nickel Project sale marks a significant milestone for Future Battery Minerals. We are pleased with Rocktivity's commitment to fulfilling the deferred consideration payment, and we look forward to the potential additional payments based on the outlined milestones. This transaction aligns with our strategic objectives and allows us to focus on advancing our core projects and initiatives. We remain dedicated to creating long-term value for our shareholders and stakeholders. - Nicholas Rathjen, CEO and Managing Director

Summary of Nepean Nickel Project sale update

Future Battery Minerals (ASX:FBM) has successfully concluded the Nepean Nickel Project sale, receiving the final deferred consideration payment from Rocktivity. The agreement also includes provisions for a 1% net smelter royalty and a potential additional $500,000 payment, subject to specific milestones. This development underscores the Company's commitment to optimizing its asset portfolio and generating value for its stakeholders. Looking ahead, Future Battery Minerals remains focused on advancing its core projects and delivering on its strategic objectives.