Stanmix, an incorporated mining company, agreed to acquire Kun-Manie, a nickel-copper sulphide project located in Amur Oblast of the Russian Federation, from Amur Minerals, a nickel-copper sulphide mineral exploration and resource development company, for $105m. “I am delighted to announce the proposed sale of Kun-Manie to Stanmix Holding Limited for the total consideration of $105m, representing a cash consideration of US$75 million over four years and a further US$30 million over 10 years commencing in 2027. The total consideration represents a 220% premium to the Company’s market capitalisation on 5 May 2022 and a 330% premium to the Kun-Manie book value. Additionally, Amur recently engaged with independent advisers with respect to the valuation of Kun-Manie which indicates that US$105 million is a fair and reasonable price for the project," Robin Young, Amur CEO.