Monthly Archives July 2026

SOUTHSTONE ANNOUNCES MUTUAL TERMINATION OF AFRIUM ENERGY TERM SHEET

Download as PDF VICTORIA, BRITISH COLUMBIA — 7 July 2026 — Southstone Minerals Limited (TSX-V:SML) (“Southstone” or the “Company”) announces that it has entered into a mutual termination deed with Afrium Energy Pte. Ltd. (“Afrium”), terminating the binding term sheet dated 18 February 2025, as amended (the “Term Sheet”), in respect of the Company’s proposed acquisition of all of the issued shares of Afrium. Under the Term Sheet, the Company had agreed to acquire Afrium in consideration for 20,000,000 common shares of the Company and the grant of a 2.5% net smelter return royalty. Closing did not occur, no common
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