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An update from OM Holdings Ltd. ( (AU:OMH) ) is now available.
Bryah Resources Limited, in partnership with OM (Manganese) Ltd, has commenced a flora survey on its manganese mining licenses in the Bryah Basin, Western Australia. This move comes as manganese market demand and prices are on the rise, positioning the joint venture to advance its project towards production. OM (Manganese) Ltd, a subsidiary of OM Holdings Limited, has completed a $1.8 million earn-in to own 60% of the project, and will fund the ongoing study, highlighting the strategic importance of this venture in the strengthening manganese market.
More about OM Holdings Ltd.
OM Holdings Ltd. is a leading global supplier of manganese ores, with a focus on the mining industry. The company is involved in a joint venture with Bryah Resources Limited, which is focused on manganese mining in the Bryah Basin, Western Australia.
Average Trading Volume: 64,748
Technical Sentiment Signal: Sell
Current Market Cap: A$236.9M
For a thorough assessment of OMH stock, go to TipRanks’ Stock Analysis page.