Diatreme Resources Boosts Silica Sand Projects with Asset Sale

Diatreme Resources Limited ( (AU:DRX) ) has issued an announcement.

Diatreme Resources announced the sale of a dormant intellectual property asset related to scandium extraction, generating $562,500 to support its silica sand project development. Despite reporting a net loss of $439,527 for the fiscal year, the company highlighted a significant expansion of its silica sand resources. As of March 31, 2025, Diatreme’s cash and liquid assets totaled $4.2 million, with an additional $13.7 million in joint ventures, totaling $17.9 million.

More about Diatreme Resources Limited

Diatreme Resources Limited operates in the mining industry, focusing primarily on silica sand projects. The company is involved in the extraction and refining of minerals, with a market focus on expanding its silica sand resources.

YTD Price Performance: 10.0%

Average Trading Volume: 1,259,621

Technical Sentiment Signal: Buy

Current Market Cap: A$110.2M

See more insights into DRX stock on TipRanks’ Stock Analysis page.