Star Diamond Expands Control Over Diamond Project
Company Announcements

Star Diamond Expands Control Over Diamond Project

Star Diamond Corporation (TSE:DIAM) has released an update.

Star Diamond Corporation has gained full control over the Fort à la Corne Project in Saskatchewan after acquiring Rio Tinto Exploration Canada Inc.’s 75% stake, with Rio Tinto now holding a 19.9% interest in Star Diamond. The deal included the transfer of significant mining equipment and a $4.0 million cash payment to Star Diamond, positioning the company for enhanced development capabilities. Additionally, Star Diamond will now handle all future reclamation work for the project, backed by financial security from Rio Tinto.

For further insights into TSE:DIAM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskStar Diamond’s Promising Prospects in Canada
TipRanks Canadian Auto-Generated NewsdeskStar Diamond Unveils Revised Project Estimates
TipRanks Canadian Auto-Generated NewsdeskStar Diamond Reveals Upbeat Q2 Results and Expansion
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App