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An update from EV Resources Limited ( (AU:EVR) ) is now available.
EV Resources Limited has entered into a binding agreement to sell its Khartoum Project in Queensland to Koba Resources Limited for $700,000 in cash and a 1% net smelter return royalty. This sale is part of EVR’s strategy to streamline its portfolio and focus on its antimony assets, strengthening its cash position and eliminating non-core project expenditures. The funds from this transaction will be used to explore and develop EVR’s antimony assets and to advance its critical minerals strategies in the US, including developing a relationship with the US Department of Defense.
More about EV Resources Limited
EV Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is particularly concentrated on advancing its antimony assets and has a strategic interest in US-focused critical minerals strategies.
YTD Price Performance: 20.0%
Average Trading Volume: 14,364,244
Technical Sentiment Signal: Hold
Current Market Cap: A$30.78M
See more insights into EVR stock on TipRanks’ Stock Analysis page.