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CMC Metals ( (TSE:CMB) ) just unveiled an update.
CMC Metals Ltd. announced the issuance of 3,400,000 common shares to settle and extinguish $85,000 of outstanding debt, aiming to preserve cash and enhance its balance sheet. This strategic move, which does not affect control or create new insiders, positions the company to leverage improved market conditions and focus on enhancing shareholder value, particularly through its silver projects.
More about CMC Metals
CMC Metals Ltd. operates in the mining industry, focusing on advancing silver projects primarily in the Rancheria Silver District located in south-central Yukon and northern British Columbia.
YTD Price Performance: 25.00%
Average Trading Volume: 259,973
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$4.03M
Learn more about CMB stock on TipRanks’ Stock Analysis page.
