review

Murchison Undergoes a Strategic Review to Fix Fund Shortfall


Newly appointed CEO Greg Martin said that selling assets of Murchison Metals (MMX) is not enough to fix its funding problems.The mining company admitted that it was unable to fund its share of costs in a $10 billion development project, and announced it will review its strategies to find feasible solutions. Martin admitted that a corporate transaction may be the only way, stirring takeover talks in the industry.

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