Mineworx Completes Sale of Cehegin Iron Ore Asset

EDMONTON, Alberta, May 19, 2022 (GLOBE NEWSWIRE) -- Mineworx Technologies Ltd., (the "Corporation" or "Mineworx") (TSXV: MWX) (OTCQB: MWXRF) (FSE: YRS WKN: A2DSW3) announced that, further to its January 17, 2022 and March 22, 2022 news releases, it has completed the sale of its Spanish subsidiary, Magnetitas del Cehegín, S.L. (“MDC”), which company is the direct owner of Mineworx’s Cehegin Iron Ore Asset, to Iron Bull Mining Inc. (“Iron Bull”), for a purchase price of $20,000,000 (the “Transaction”). The Transaction is an arm’s length transaction.

Read more at globenewswire.com