Xtract Resources ( (GB:XTR) ) has provided an announcement.
Xtract Resources announced an amendment to its payment agreement with the buyers of the Manica project. The restructuring addresses the buyers’ concerns regarding the financial pressure of the original payment schedule, allowing them to adjust their operations as they transition from oxide to sulphide ore mining. The revised payment plan aims to support continuous operations and secure cash flow for Xtract, while the buyers finalize the design of a new sulphide plant in light of additional sulphide projects acquired nearby.
More about Xtract Resources
Xtract Resources Plc operates within the natural resources sector, focusing primarily on mining activities. The company is engaged in the development and exploration of mineral properties, with a particular emphasis on gold and copper projects.
Average Trading Volume: 584,085
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.28M
See more insights into XTR stock on TipRanks’ Stock Analysis page.