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Prime Drink Group Plans Strategic Utilization of Quebec Water Assets

Story Highlights
  • Prime Drink Group aims to enhance Quebec’s economy by utilizing its water resources.
  • Prime completed a private placement financing to raise $800,000 for business development.
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Prime Drink Group Plans Strategic Utilization of Quebec Water Assets

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Dominion Water Reserves ( (TSE:PRME) ) has shared an update.

Prime Drink Group Corp. has announced plans to capitalize on its Quebec water assets, aiming to enhance Quebec’s economy by better utilizing its abundant water resources. The company’s engagement with provincial ministers underscores its commitment to responsible management and economic development. Additionally, Prime has completed a second tranche of private placement financing, raising a total of $800,000 to support business development and working capital.

More about Dominion Water Reserves

Prime Drink Group Corp. is a major holder of water rights in Quebec, with an annual volume capacity of 3.4 billion liters. The company focuses on leveraging its water assets to contribute to the economic self-sufficiency and prosperity of Quebec through innovative resource management.

YTD Price Performance: -92.86%

Average Trading Volume: 26,551

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $48.46M

For a thorough assessment of PRME stock, go to TipRanks’ Stock Analysis page.

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