Silkroad Nickel Ltd. (Catalist:STP) agreed to acquire 99% stake in PT Anugrah Tambang Smelter from PT Bina Mitra Serasi on December 2, 2020. Silkroad Nickel Ltd. (Catalist:STP) will complete this acquisition following the completion of the financing and prior to the smelter becoming operational.

Silkroad Nickel Ltd. (Catalist:STP) completed the acquisition of 99% stake in PT Anugrah Tambang Smelter from PT Bina Mitra Serasi for $0.02 million on February 25, 2022. The consideration for the acquisition was funded by the Silkroad Nickel's internal resources, and the completion of the acquisition is not expected to have any material impact on the net tangible assets or earnings per share of Silkroad Nickel.