11:56 AM EST, 02/26/2025 (MT Newswires) -- Dundee (DC-A.TO) on Wednesday said the owners of Android Industries are selling their interest in the company.

Dundee, which holds a 20% interest in the privately held Android, anticipates receiving $24.5 million in cash, including $6.9 million payable contingent upon the release of all escrows.

"The sale of our 20% interest in Android Industries represents a significant milestone for Dundee as we rationalize what remains of our non-core legacy asset portfolio which is a key strategic initiative as we recycle our capital into our core mining business," said Jonathan Goodman, President and Chief Executive Officer.

The transaction is expected to close by the end of the first quarter.

Dundee was last seen up $0.01 to $1.92 on the Toronto Stock Exchange.

Price: 1.92, Change: +0.01, Percent Change: +0.52