Comet Resources Limited (ASX:CRL) enterd into an agreement to acquire Minerals Mining and Metallurgy Limited from Valiant Equity Management Pty Ltd, Bilka Two Pty Ltd, Kiandra Nominees Pty Ltd and Andrea Lee McLure on April 4, 2022. 73,550,000 Shares will be issued to the shareholders of MMM and 36,775,000 options to acquire Shares (Vendor Options) to the shareholders of MMM as part consideration for the Acquisition, of which 26,150,000 options will be issued to MMM shareholders who participated in the MMM capital raising in order to fund the cash payment to MIM (refer to details below) and will be exercisable at AUD 0.20 on or before two years from the issue date and 10,625,000 options will be issued to the founding shareholders of MMM and will exercisable at AUD 0.30 per option on or before 3 years from the issue date. 26,150,000 options will be exercisable at AUD 0.20 per option (on a 1:1 basis) on, or before, 2 years from being issued and 10,625,000 options will be exercisable at AUD 0.30 per option (on a 1:1 basis) on, or before, 3 years from being issued.

As of September 16, 2022, The deal terms revised.