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Discovery Harbour Resources ( (TSE:DHR) ) has shared an announcement.
Discovery Harbour Resources has completed the sale of its minority shareholding in UVAD Technologies to an arm’s-length private buyer for gross proceeds of $297,000, divesting a passive, non-core investment originally acquired in 2011 through a debt settlement. As the UVAD stake represented substantially all of the company’s assets, the transaction required and received strong shareholder backing, with 99.05% of votes cast in favour, and now awaits final TSX Venture Exchange approval.
The company also announced the resignation of director Sharyn Alexander effective March 24, 2026, marking a change in board composition following the asset sale. The divestiture is intended to better align Discovery Harbour’s asset base with its core strategy of mineral property exploration and development, potentially reshaping its balance sheet and operational focus within the junior mining sector.
More about Discovery Harbour Resources
Discovery Harbour Resources Corp. is a mineral exploration company focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions. The Vancouver-based firm is listed on the TSX Venture Exchange, OTC Pink and Frankfurt, positioning it within the junior mining and exploration segment targeting early-stage resource opportunities.
Average Trading Volume: 20,307
Technical Sentiment Signal: Hold
Current Market Cap: C$1.29M
Find detailed analytics on DHR stock on TipRanks’ Stock Analysis page.