Macro Metals Sells Agbaja Iron Ore Project in Nigeria for US$5.67 Million

Macro Metals (ASX:M4M) has executed a binding share purchase agreement to sell its Agbaja Iron Ore Project in Nigeria for US$5.67 million (approximately A$8.1 million). The company anticipates net proceeds of about A$5.25 million after transaction costs, which it plans to use to accelerate the development of its Western Australian resource projects. The transaction is slated for completion on December 7, 2026, with a US$700,000 downpayment due by November 7, 2026.