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Freehill Mining Ltd. ( (AU:FHS) ) just unveiled an announcement.
Freehill Mining Limited has announced a significant expansion in Chile, signing a long-term lease for a second site to boost its construction material processing and supply operations. This expansion is driven by increased customer demand and new purchase orders, allowing Freehill to reduce transport costs by 40% and access local electricity, enhancing margins. The new site, operational by mid-June, will help Freehill strengthen its market position in Region IV of Chile and support its long-term strategy of pursuing magnetite mining and exploration at its El Dorado project.
More about Freehill Mining Ltd.
Freehill Mining Limited is a company operating in the mining industry, focusing on the processing and supply of construction materials such as sand and gravel. The company is strategically positioned in the La Serena/Coquimbo region of Chile, where it supports major infrastructure projects and aims to expand its market presence.
Current Market Cap: $7.9M
See more data about FHS stock on TipRanks’ Stock Analysis page.