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Energy Transition Minerals Terminates Memorandum of Understanding With Le Shan Shenghe Rare Earth; Shares Rise 5%

-- Energy Transition Minerals (ASX:ETM) said it terminated its non-legally binding memorandum of understanding with Le Shan Shenghe Rare Earth as it focuses on preserving its legal rights in Greenland and pursuing its Penouta project in Spain, according to a Thursday Australian bourse filing.

The company and Shenghe remain engaged, and the matter remains unresolved at this time after the cessation of their strategic relationship, per the filing.

The company said the ASX will not make a determination in relation to the matter should third party adjudication be required.

Energy Transition Minerals' shares rose 5% in recent trading on Thursday.

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