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An announcement from Interra Resources Ltd. ( (SG:5GI) ) is now available.
Interra Resources Limited announced a dilution in its shareholding in Morella Corporation Limited, an ASX-listed company focused on lithium and battery minerals. Despite the reduction from 13.65% to 12.24%, Interra maintains its status as a substantial holder under Australian law. This update reflects the company’s ongoing investment strategy and its implications for Interra’s position in the resource development sector.
More about Interra Resources Ltd.
Interra Resources Limited, based in Singapore and listed on the SGX Mainboard, specializes in petroleum exploration and production, including field development and exploration. The company is expanding into renewable energy, collaborating on floating solar farms in Indonesia, and holds potential equity interests in silica sand concessions. Additionally, Interra is recognized as a strategic partner for power plant projects in Indonesia.
Technical Sentiment Signal: Buy
Current Market Cap: S$23.6M
See more insights into 5GI stock on TipRanks’ Stock Analysis page.