CoreX Holding Says It Spent More Than $180 Million on Kazakhstan Copper Projects
Photo: TokenPost
CoreX Holding said it spent more than $180 million over 30 months on two Kazakhstan copper projects while awaiting approval to acquire the companies operating them, and plans to pursue legal proceedings over the dispute. The company said it signed an agreement in January 2024 under English law to acquire all of Altai Polymetals LLP and Terekty Ken Baiytu LLP. It said the share transfer was awaiting approvals and that its spending covered debts, employee salaries, operating costs and state-imposed penalties.
Source: TokenPost
