Greenvale Mining Ltd. (AU:GRV) has released an update.
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Greenvale Mining Ltd. has hit a snag with its Alpha Torbanite Project as further work is required to meet premium bitumen product standards; however, the company remains proactive by re-engaging the University of Jordan for additional testing. Meanwhile, Greenvale has strengthened its cash position by completing the sale of its interest in the Georgina Basin IOCG Project and has seen corporate enhancements with new executive appointments and a reduction in loan facilities. Additionally, the company is set to expand its portfolio with a 75% interest in a promising helium project, backed by governmental support and a forthcoming 2D seismic survey.
For further insights into AU:GRV stock, check out TipRanks’ Stock Analysis page.
