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EDM Resources Inc ( (TSE:EDM) ) has shared an announcement.
EDM Resources Inc., a Canadian mining and exploration company that owns the Scotia Mine near Halifax and several nearby exploration licences, has its shares listed on the TSX Venture Exchange under the symbol EDM and on the Frankfurt Exchange as P3Z. The company focuses on advancing its Nova Scotia assets through exploration, permitting and development work.
The company has bolstered its financial position by raising about $900,000 through a mix of non-dilutive asset sales and the cash exercise of warrants. By partially selling its stake in Silver Crown Royalties Inc. while retaining a sizeable shareholding and warrants, EDM strengthens its balance sheet yet maintains exposure to silver prices, improving financial flexibility to advance permitting, exploration, resource updates and development at the Scotia Mine.
More about EDM Resources Inc
EDM Resources Inc. is a Canadian exploration and mining company that fully owns the Scotia Mine and related facilities near Halifax, Nova Scotia. Through a wholly owned subsidiary, it also holds several prospective exploration licences in the surrounding region, and its shares trade on the TSX Venture Exchange and the Frankfurt Exchange.
Average Trading Volume: 280,207
Technical Sentiment Signal: Buy
Current Market Cap: C$20.43M
Learn more about EDM stock on TipRanks’ Stock Analysis page.