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An update from Resolution Minerals Ltd. ( (AU:RML) ) is now available.
Resolution Minerals Ltd reported its quarterly activities, highlighting ongoing exploration assessment and resource management. The company executed financial activities such as a share consolidation and placement, raising $240k in capital. It also sold its Allegra Nickel Project in Alaska, showing a strategic shift in its project portfolio. The company’s cash balance at the end of the quarter was $229k, and it invested $71k in exploration, primarily for tenement rentals and technical consultancy. These actions indicate Resolution Minerals’ focus on optimizing its project holdings and financial health.
More about Resolution Minerals Ltd.
Resolution Minerals Ltd is an exploration company in the mining industry, focusing on mineral resource projects. The company is engaged in the exploration and evaluation of mineral properties, with a particular interest in silica sands and other mineral projects across Australia and Alaska.
YTD Price Performance: -8.33%
Average Trading Volume: 219,963
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.48M
See more data about RML stock on TipRanks’ Stock Analysis page.
