Luda Technology Group Inks Non-Binding MoU With Chuluut-International To Mull Proposed Takeover Of Mining Rights, Related Interest In Jonsh Tolgoi Fluorspar Project For $14M In Cash

Luda Technology Group Limited has signed a non-binding memorandum of understanding with Chuluut-International LLC to explore the acquisition of 100% mining rights and related interests in the Jonsh Tolgoi fluorspar project for an indicative consideration of $14 million in cash. The transaction is contingent upon due diligence, definitive agreements, and regulatory approvals, and the proposed price may be subject to change. There is no guarantee that the deal will be finalized.