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Surefire Resources NL ( (AU:SRN) ) has shared an update.
Surefire Resources NL has issued over 70 million shares to Jade Gas Holdings Limited as part of an agreement related to the Victory Bore Vanadium Project. This follows a successful pre-feasibility study indicating a 42.22% internal rate of return, surpassing the required 20%, and triggering a payment milestone. The issuance of shares reflects the company’s strategic move to fulfill its financial commitments and strengthen its project development, potentially enhancing its market position and stakeholder value.
More about Surefire Resources NL
Surefire Resources NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that aim to extract valuable minerals, such as vanadium, which is essential for various industrial applications.
Technical Sentiment Signal: Sell
Current Market Cap: A$7.25M
For a thorough assessment of SRN stock, go to TipRanks’ Stock Analysis page.