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Eastern Metals Limited ( (AU:EMS) ) has issued an announcement.
Eastern Metals Limited has finalized an agreement to sell its 1.5% net smelter royalty from the Thomson Project to Red Hill Minerals Ltd for $220,000. This transaction, subject to due diligence and other conditions, reflects Eastern Metals’ strategic move to monetize its assets, potentially impacting its financial position and stakeholder interests.
More about Eastern Metals Limited
Eastern Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals in projects related to metals and minerals, with a market focus on expanding its asset portfolio through strategic transactions.
YTD Price Performance: -28.57%
Average Trading Volume: 396,169
Technical Sentiment Signal: Buy
For a thorough assessment of EMS stock, go to TipRanks’ Stock Analysis page.