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Interra Resources Ltd. ( (SG:5GI) ) has provided an update.
Interra Resources Limited has entered into a mandatory conversion loan agreement and a joint venture agreement with PT Mitra Investindo Tbk Group to develop silica concessions in Indonesia. The agreements involve providing a loan facility to finance exploration and subsequent mining activities, with an option for Interra to increase its shareholding. The joint venture aims to enhance long-term value through the integration of mining operations and the development of an industrial park for silica-based industries.
More about Interra Resources Ltd.
Interra Resources Limited is a company involved in the energy sector, focusing on the exploration and production of oil and gas resources. The company operates through its subsidiaries and is engaged in developing and managing energy resources, with a market focus on Southeast Asia.
Technical Sentiment Signal: Buy
Current Market Cap: S$23.6M
For a thorough assessment of 5GI stock, go to TipRanks’ Stock Analysis page.