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Atlantis Resources has entered a conditional agreement to sell its 50% stake in its Canadian joint venture to partner DP Energy. The cash deal allows Atlantis to focus on opportunities in the UK, Europe and Asia.
SIMEC has signed a conditional agreement to acquire 49.9% of Atlantis Resources' share capital. Atlantis will also acquire SIMEC Uskmouth Power Limited, owner of a 336MW power plant in South Wales.