Torq Resources Inc (TSE:TORQ) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Torq Resources Inc. has renegotiated the terms of its Margarita Project Option Agreement, pushing back a $1.2 million payment by one year and adjusting future payment and exploration expenditure commitments. This financial restructuring, in tandem with a new joint venture for the Santa Cecilia Project, aims to provide financial relief and enable continued exploration of both projects under challenging market conditions.
For further insights into TSE:TORQ stock, check out TipRanks’ Stock Analysis page.