Talaxis sells part of Aspire Mining stake for $3m

Talaxis Ltd. has notified Aspire Mining Limited of a change in its substantial holding, following an off-market disposal of fully paid ordinary shares. The transaction, which completed its first tranche on September 18, 2025, involved the sale of 13,280,352 ordinary shares to NordSteppe Private Investment Fund LLC for $3,000,000.

This share sale agreement is structured in four tranches, with total consideration for all Sale Shares amounting to $13,500,000. Subsequent tranches are scheduled for September 22, 2025 (Tranche 2), December 1, 2025 (Tranche 3), and March 23, 2026 (Tranche 4), each involving further payments and share transfers.

Prior to the Tranche 1 completion, Talaxis Ltd held 66,401,758 shares in Aspire Mining, representing a 13.49% voting power. Following the sale of the first tranche, Talaxis's voting power in Aspire Mining has decreased to 10.46%, with a total of 53,121,406 votes.