EDM Resources Inc (TSE:EDM) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
EDM Resources Inc. has signed a Letter of Intent with Silver Crown Royalties to sell a significant portion of its expected annual silver output from the Scotia Mine. The deal entails a $1 million silver royalty agreement, ensuring SCRi receives no less than 7,000 ounces of silver annually for ten years. This strategic move will monetize EDM’s by-product silver, securing upfront cash and stock unit payments while adhering to the terms outlined, pending the final agreement.
For further insights into TSE:EDM stock, check out TipRanks’ Stock Analysis page.
