Myanmar Metals Limited (ASX:MYL) is seeking to sever ties with Myanmar due to the unstable political situation in the country after the military coup in February, as it was informed by MYL July 21. MYL postponed potential acquisitions in Myanmar and, as a result, was left with only 51% in the Bawdwin project for the production of silver, lead and zinc. Due to political tensions, which are particularly acute in the northern Shan state, where the Bawdwin project is located, and the growing number of cases of COVID-19, MYL is currently unable to implement the project. In addition, due to the political situation, it is impossible to finance the project, since all interested parties refused to implement it. MYL has cash resources in the amount of $11.4 million, but the pre-production capital required for the development of Bawdwin is estimated at over $300 million.