Troy Minerals, Inc. (TSE:TROY) has released an update.
Troy Minerals Inc. has reported promising results from the initial drill holes of their 2023 program at the Lac Jacques rare earth element (REE) property, sparking optimism for the 2024 exploration season. Despite recent market fluctuations, the company remains confident, bolstered by a strong financial position with over $3 million in treasury, no debt, and upcoming projects that are expected to enhance shareholder value. The Lac Jacques property, located near Montreal, Canada, is part of a strategic move to advance the company’s high-grade REE and Vanadium/Titanium projects.
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