US Cobalt Sale Agreement

MetalNRG plc (NEX:MNRG), the natural resource investing company quoted on the NEX Exchange Growth Market in London is pleased to announce that, it has entered into a binding option agreement to sell it's 15.38% stake in private company, US Cobalt Pty Ltd (“US Cobalt”), the owner of Goodsprings Cobalt and Base Metals Project, located in the State of Nevada, USA, to Tyranna Resources Limited (“Tyranna”), an ASX listed exploration company (ASX: TYX).

Tyranna has executed a binding agreement to acquire US Cobalt, which thereby gives Tyranna the exclusive right to acquire 100% of US Cobalt by way of an off-market scrip for a scrip takeover.

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