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Thomson Resources Ltd ( (AU:SMG) ) just unveiled an announcement.
Silver Metal Group Limited has successfully completed the sale of its non-core Texas Project to Danola Pty Ltd, which had assumed operational control in November 2024. This transaction alleviates significant operational costs and debt for Silver Metal Group, allowing the company to focus on its core strategic operations without the financial burden of the Texas Project.
More about Thomson Resources Ltd
Silver Metal Group Limited operates in the mining industry, focusing on mineral exploration and development. Its primary products include mineral leases and exploration permits, indicating a market focus on resource extraction.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.35M
See more insights into SMG stock on TipRanks’ Stock Analysis page.
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