Marvel Gold Limited announced that it has entered into a binding Share Purchase Agreement with Anchises Capital LLC to dispose of its interests in the Tabakorole and Yanfolila Gold Projects in Mali. Under the agreement, Marvel will sell the issued capital of its wholly owned subsidiaries—Marvel Gold Australia Pty Ltd, Sola Mining SARL, and Yanfo SARL—that hold its interests in these projects. The transaction is valued at AUD 1,650,000, with a non-refundable upfront Exclusivity Fee of AUD 150,000 already received and AUD 1,500,000 due within 20 business days of signing. This deal builds on a previously signed binding Term Sheet dated 3 March 2025 and aligns with Marvel’s strategic move to streamline its portfolio. The Tabakorole Gold Project in southern Mali is held in a joint venture with Elemental Altus Royalties plc, where Marvel currently maintains a 72% interest that could increase to 75% or even 80% pending expenditure milestones and the completion of further feasibility work. However, the joint venture has been on hold since November 2022 due to the closure of the Mali Cadastre, leaving expenditure obligations suspended until the situation is resolved. Meanwhile, the Yanfolila Gold Project, also in southern Mali, has reached full ownership status with Marvel after finalizing an agreement with its previous partner. The completion of this transfer is dependent on the Cadastre reopening to resume normal operations. Following the closure of this transaction, Marvel’s sole remaining asset in Mali will be the Kolondieba Gold Project, which is part of an Earn-in and Joint Venture agreement with Resolute Mining Limited. Coupled with the recent acquisition of the highly prospective Hanang Gold Project in Tanzania, the move underscores a broader strategy to divest from certain Mali assets and focus on high-impact growth opportunities. Anchises Capital LLC, a privately owned company headquartered in Hong Kong with significant operations in Africa and North America, brings robust financial resources and mining expertise to the transaction. From a bullish perspective, the deal is seen as a positive step for Marvel Gold Limited. The influx of cash from the transaction is likely to strengthen the company's balance sheet and provide additional resources for pursuing more promising projects like Hanang in Tanzania. Furthermore, the strategic divestiture aligns with a more focused operational model that could enhance long-term growth prospects. On the bearish side, some market participants might express concerns regarding the reduced diversity in the company’s Mali portfolio and the uncertainties tied to the re-opening of the Cadastre, which could delay the finalization of related transactions. Overall, while the transaction injects liquidity and strategic clarity, it also highlights operational risks associated with regulatory factors in Mali.