On Manch 28, 2022, Strandline and the Tanzanian Government completed formation of JV company, Nyati Mineral Sands Limited (Nyati), which now holds all Strandline’s Tanzanian mineral sands assets, including the advanced Fungoni and Tajiri Projects.
Under the agreement, the government takes a 16% interest in Strandline's project subsidiary Jacana Resources (Tanzania) Ltd. as a non-dilutable, free-carried interest, with Strandline holds the remaining 84%.
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