Pinnacle Minerals (ASX:PIM) announced the amicable termination of its planned acquisition of eight critical mineral, gold, and silver projects in Idaho.
In a mutual agreement finalised with Idaho Antimony Critical Minerals and other involved parties, the company has dissolved the binding heads of agreement originally established in August and October 2025.
Despite the deal falling through, Pinnacle maintains a positive outlook, emphasising that the decision does not reflect a negative view of the assets' quality.
The company remains in a stable financial position, reporting a $2.8 million cash balance at the end of the December 2025 quarter.
Moving forward, Pinnacle intends to leverage this capital to pursue alternative "value-accretive" mineral opportunities that align with its strategic focus on the critical minerals market.