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The latest announcement is out from Equinox Resources Limited ( (AU:EQN) ).
Equinox Resources Limited has signed a binding agreement to divest its Alturas Antimony Project in British Columbia to Maxus Mining Inc. for a total consideration of C$700,000, comprising cash and shares. This divestment allows Equinox to streamline its portfolio and concentrate on its core projects, particularly the Hamersley Iron Ore Project in Western Australia, while also evaluating its Brazilian projects for further development opportunities.
More about Equinox Resources Limited
Equinox Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary projects include the Hamersley Iron Ore Project in Western Australia and various projects in Brazil. The company aims to streamline its portfolio to focus on core assets and enhance value creation.
Average Trading Volume: 227,033
Technical Sentiment Signal: Hold
Current Market Cap: A$13.52M
For an in-depth examination of EQN stock, go to TipRanks’ Overview page.