Venus Metals Corporation Limited ( (AU:VMC) ) has issued an announcement.
Venus Metals Corporation Limited has announced that its subsidiary, Redscope Enterprises Pty Ltd, has secured a grant from the Western Australian Government’s Co-Funded Exploration Incentive Scheme for diamond drilling at the Pincher Copper Project. The grant will cover up to $52,500, contributing to 50% of the drilling and mobilization costs. This initiative aims to explore a significant anomaly detected through recent surveys, potentially impacting the company’s strategic positioning in the base metals sector.
More about Venus Metals Corporation Limited
Venus Metals Corporation Limited is an exploration company with a diverse portfolio of projects in Western Australia, focusing on gold, copper, base metals, lithium, titanium, and vanadium. The company also holds a 1% royalty over the Youanmi Gold Mine and is a substantial shareholder of Rox Resources Limited.
YTD Price Performance: 49.25%
Average Trading Volume: 174,378
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$19.61M
For detailed information about VMC stock, go to TipRanks’ Stock Analysis page.