Whitemud Resources, Inc. Class A (TSE:WMK) has released an update.
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Whitemud Resources Inc. has increased its financing from SAM Holdings to $10 million for capital and operational expenses, and despite initial setbacks due to mechanical and weather-related issues, the company has resumed kaolin processing at 50% capacity with the first delivery from its updated facility. Additionally, the firm has welcomed Mr. Derrick Armstrong, a seasoned corporate law expert, to its board of directors, promising to enhance corporate governance.
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