Dreadnought Resources Limited ( (AU:DRE) ) has provided an update.
Dreadnought Resources Limited has issued 3,561,666 unlisted options to directors Paul Chapman and Philip Crutchfield as part of their remuneration, following shareholder approval. This move is intended to preserve cash for exploration activities, with directors having invested over $7 million in the company. The issuance of these options reflects the company’s strategy to manage its financial resources effectively while continuing its exploration efforts.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is listed on the Australian Securities Exchange (ASX) and is involved in activities aimed at discovering and developing valuable mineral deposits.
YTD Price Performance: 40.0%
Average Trading Volume: 4,627,237
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$64.47M
See more insights into DRE stock on TipRanks’ Stock Analysis page.