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QX Resources Ltd ( (AU:QXR) ) has shared an update.
QX Resources Limited has decided to let its options to acquire interests in US lithium brine projects lapse due to a softening lithium market. The company is redirecting its focus and resources towards its Australian gold portfolio and Western Shaw iron ore joint venture, which are seen as more beneficial for its shareholders.
More about QX Resources Ltd
QX Resources Limited is a company operating in the mining industry, focusing on gold and iron ore projects in Australia. It has a market interest in lithium brine projects in the USA, although it is currently refocusing its efforts on its Australian ventures.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.55M
Find detailed analytics on QXR stock on TipRanks’ Stock Analysis page.