An update from Diamcor Mining ( (TSE:DMI) ) is now available.
Diamcor Mining Inc. has signed a non-binding letter of intent for a $5 million non-dilutive financing with a Dubai-based diamond manufacturer to enhance its operations. The funds will be used to expedite processing and increase production at Diamcor’s Krone-Endora at Venetia Project, positioning the company for an anticipated market recovery in the diamond industry.
More about Diamcor Mining
Diamcor Mining Inc. is a Canadian diamond mining company engaged in the mining, exploration, and sale of rough diamonds. The company is recognized for its operations in the diamond industry, focusing on producing gem-quality non-conflict natural rough diamonds for the luxury jewelry sector.
YTD Price Performance: 7.69%
Average Trading Volume: 103,146
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.34M
For detailed information about DMI stock, go to TipRanks’ Stock Analysis page.