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High-Tech Metals Limited ( (AU:HTM) ) has provided an update.
High-Tech Metals Limited has entered into a joint venture agreement with SSH Mining to process and sell historic gold stockpiles at the Mt Fisher Gold Project in Western Australia. The agreement marks a strategic move to generate early cash flow, with High-Tech Metals receiving 85% of the net proceeds. The project involves drilling and metallurgical testing to confirm gold grades, with potential production expected to follow in Q3 2025. This venture aligns with SSH Mining’s strategy to leverage its mining capabilities and unlock value from underutilized assets, offering a non-dilutive revenue stream for both companies and their stakeholders.
More about High-Tech Metals Limited
High-Tech Metals Limited (ASX: HTM) operates in the mining industry, focusing on the evaluation and commercialization of mineral resources. The company is involved in projects that aim to unlock value from existing assets, with a particular emphasis on generating early-stage cash flow to fund broader exploration activities.
Average Trading Volume: 139,121
Technical Sentiment Signal: Sell
See more data about HTM stock on TipRanks’ Stock Analysis page.