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Desert Metals Ltd. ( (AU:DM1) ) has issued an update.
Desert Metals Ltd. has announced the issuance of 6,381,747 ordinary fully paid shares as partial consideration for drilling services. This strategic move is expected to bolster the company’s operational capabilities and enhance its market position by securing essential services through equity, potentially benefiting stakeholders by aligning service providers with the company’s growth objectives.
More about Desert Metals Ltd.
Desert Metals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the extraction and processing of metals, contributing to the supply chain of raw materials in the market.
Average Trading Volume: 2,056,746
Technical Sentiment Signal: Sell
Current Market Cap: A$6.1M
See more insights into DM1 stock on TipRanks’ Stock Analysis page.