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An announcement from Xtract Resources ( (GB:XTR) ) is now available.
Xtract Resources Plc has increased its equity interest in Wildstone SARL to 80%, following the issuance of additional equity. This move, ahead of the completion of a US$900,000 expenditure requirement, highlights Xtract’s commitment and proactive approach in developing a substantial antimony business in Morocco. The decision by Xtract’s Moroccan partners to grant the additional equity underscores the company’s credibility and alignment with local partners, as they aim to capitalize on potential antimony price increases and establish a robust capability in the Moroccan market.
More about Xtract Resources
Xtract Resources Plc operates in the mining industry, focusing on the development of antimony projects. The company is actively involved in expanding its presence in Morocco, aiming to establish a significant antimony business in the region.
Average Trading Volume: 1,830,976
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.42M
See more data about XTR stock on TipRanks’ Stock Analysis page.