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Kincora Copper secures $1.5M option payment from Tumen Ail Coal for Mongolian subsidiaries deal

Company Fundamentals
19 May 2026
Newsfile Corp
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Bullish
pluang ai news

Kincora Copper Limited has signed a Term Sheet and received a non-refundable $1.5 million option payment from Tumen Ail Coal LLC, granting exclusivity to acquire 100% of Kincora's Mongolian subsidiaries. The total deal value is $10 million, with staged payments due by July 1, 2026, and final transfer expected by year-end. This transaction supports Kincora's strategy to advance its portfolio, including projects in Australia and Mongolia, as it seeks to become a leading explorer on the ASX and TSXV markets.

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