Monrovia -- Africa Metallic Resources Inc. (AMR) has reached a significant milestone in its efforts to revitalize the Putu Iron Ore Mining Project following the execution of a binding Memorandum of Agreement (MoA) with the Government of Liberia, the execution of a definitive Share Purchase Agreement with Severstal, and the Government of Liberia's approval of the Change of Control in favor of AMR for the Project.