Türker Mining Elects to Close Velocity Minerals’ $55M Bulgarian Asset Sale
Velocity Minerals said Türker Mining elected to proceed with the $55.0 million Tintyava asset sale. $38.5 million is due to escrow before closing, expected on or about Dec. 14, 2026, subject to conditions. A separate $4.0 million option on other assets remains exercisable.
Velocity Minerals said Türker Mining has elected to proceed with closing the $55.0M Tintyava asset sale. The transaction is subject to conditions, and closing is expected on or about Dec 14, 2026, with $38.5M to be paid into escrow beforehand. A separate $4.0M option covering other assets remains exercisable.