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The latest update is out from EDM Resources Inc ( (TSE:EDM) ).
EDM Resources Inc. has secured a US$58 million gypsum offtake agreement with a large Canadian wallboard manufacturer, marking a significant step in diversifying its revenue streams beyond zinc and lead. This agreement, covering half of the Scotia Mine’s gypsum reserves, positions EDM to capitalize on the growing demand for gypsum products in North America, enhancing its market presence and operational stability.
More about EDM Resources Inc
EDM Resources Inc. operates in the mining industry, focusing on the extraction and sale of minerals such as zinc, lead, and gypsum. The company is expanding its revenue streams by leveraging the mineral reserves at its Scotia Mine, located in Nova Scotia, which is known for its high-quality gypsum deposits.
Average Trading Volume: 74,889
Technical Sentiment Signal: Sell
Current Market Cap: C$3.63M
For an in-depth examination of EDM stock, go to TipRanks’ Stock Analysis page.
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