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ARC Minerals ( (GB:ARCM) ) just unveiled an announcement.
Arc Minerals Ltd has reached a binding settlement agreement with Avanti Gold Corporation and Regency Mining Ltd to resolve an outstanding receivable of USD 1,250,000. The settlement involves a cash payment plan with varying amounts based on the payment date, which will enhance Arc Minerals’ cash position into 2026. This agreement follows constructive negotiations and aligns with the company’s strategy to manage its cash resources effectively.
More about ARC Minerals
Arc Minerals Ltd is a company involved in the mining industry, focusing on the acquisition and development of mineral resources. The company is engaged in projects such as the Misisi gold project in the Democratic Republic of the Congo.
Average Trading Volume: 3,820,502
Technical Sentiment Signal: Sell
Current Market Cap: £14.12M
See more insights into ARCM stock on TipRanks’ Stock Analysis page.