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Western Metallica Resources Corp. ( (TSE:WMS) ) has shared an update.
Western Metallica Resources Corp. has announced the resignation of Ms. Brigitte Berneche from its Board of Directors and expressed gratitude for her contributions. The company is currently negotiating settlement terms with creditors in Peru due to disappointing drill results from a recent exploration program, which led to the cessation of its exploration activities in the region. Additionally, Western Metallica is addressing its corporate liabilities by modifying debt arrangements with its CEO, Greg Duras, while ensuring compliance with regulatory rules. These developments reflect the company’s strategic efforts to manage financial challenges and reposition its operations.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. is an Ontario-registered company based in Toronto, specializing in mineral resource exploration. The company is publicly traded on the TSX Venture Exchange under the symbol WMS. Its project portfolio includes the 100% owned Nueva Celti Copper Property in Andalusia, Spain, and three gold projects in the Navelgas Gold Belt in Asturias, Spain.
Average Trading Volume: 156,306
Technical Sentiment Signal: Sell
Current Market Cap: C$422.4K
For detailed information about WMS stock, go to TipRanks’ Stock Analysis page.