GreenX Metals Limited (AU:GRX) has released an update.
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GreenX Metals Ltd has secured a revised agreement to acquire 100% of the Eleonore North Gold Project in eastern Greenland, with plans for further exploration work and a decision on continuation by December 2025. The project has shown promising signs of a potentially large gold deposit system, and collaboration with the Geological Survey of Denmark and Greenland may yield an updated geological map based on recent data. Additionally, GreenX boasts a healthy cash balance of A$7.1 million with no debt as of June 2024.
For further insights into AU:GRX stock, check out TipRanks’ Stock Analysis page.
