Luda Technology Group Ltd (LUD) Form 6-K — Oct 13, 2026
Luda Technology Group (NYSE American: LUD) signed a non-binding, non-exclusive MOU with Chuluut-International LLC to evaluate acquiring 100% of the transferable mining rights in the Jonsh Tolgoi fluorspar project in Mongolia. The parties referenced an indicative consideration of US$14.0 million in cash, with a target closing on or before April 30, 2027. Supplied records describe an open-pit mine covering roughly 27 hectares with projected capacity of 9.0 thousand tonnes per year, though the data is unverified and not treated as a current mineral resource or reserve estimate.
Key figures
- Deal Value Usd
- 14000000
- Permits
- ["MV-012214","MV-006506","MV-016834"]
- Concentrate grade
- FF-97 fluorspar
- Mine area hectares
- 27
- Projected capacity
- 9.0 thousand tonnes per year
- Indicative closing date
- on or before April 30, 2027
AI analysis
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