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Group 6 Metals Limited ( (AU:G6M) ) has shared an update.
Group 6 Metals Limited has successfully executed a recapitalization plan to address its unsustainable debt levels, significantly strengthening its balance sheet and allowing for operational improvements at the Dolphin Tungsten Mine. The company is working towards lifting the suspension of its shares on the ASX, although this is expected to be a lengthy process. Operationally, the company is progressing with initiatives to enhance the processing plant and is planning the underground phase of the project, with advanced ore sorting trials and potential downstream processing options being explored.
More about Group 6 Metals Limited
Group 6 Metals Limited operates in the mining industry, primarily focusing on the extraction and processing of tungsten. The company is centered around the Dolphin Tungsten Mine, which presents substantial opportunities for growth and value creation.
Technical Sentiment Signal: Sell
Current Market Cap: A$25.1M
See more data about G6M stock on TipRanks’ Stock Analysis page.