Dynamic Metals Limited (AU:DYM) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Dynamic Metals Limited has completed a joint venture agreement with Mineral Resources, forming a 40/60 partnership over the Widgiemooltha Project, with options for increased stakes linked to further investment. The company confirmed a significant lithium soil anomaly at Lake Percy and ended the quarter with a strong cash position, bolstered by a $3.6 million payment from Mineral Resources. Dynamic Metals is now shifting focus to explore the gold potential within their retained mineral rights at the Widgiemooltha Project.
For further insights into AU:DYM stock, check out TipRanks’ Stock Analysis page.