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An update from Euromax Resources ( (TSE:EOX) ) is now available.
Euromax Resources Ltd. announced it will issue a non-interest bearing, unsecured, non-convertible promissory note worth USD$475,000 to Galena Resource Equities Limited, a major shareholder, to secure short-term working capital. This transaction, classified as a related party transaction, highlights the company’s current lack of operational cash flow and the anticipated need for further financing later in 2025, impacting its financial strategy and stakeholder relations.
More about Euromax Resources
Euromax Resources Ltd. is focused on developing and operating the Ilovica-Shtuka copper project in North Macedonia.
YTD Price Performance: 100.0%
Average Trading Volume: 12,958
Technical Sentiment Signal: Buy
Current Market Cap: C$14.22M
Find detailed analytics on EOX stock on TipRanks’ Stock Analysis page.