Equus Mining Ltd. (AU:EQE) has released an update.
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Equus Mining Limited has completed the sale of its Chilean assets to Andean Silver Limited, marking a significant transition for the company. As they actively seek new investment opportunities, Equus is poised to receive a potential bonus payment of A$1 million if Andean Silver announces a high-grade silver resource within five years. Meanwhile, the company’s financial position shows a cash reserve of $39,000 with no exploration expenditures and ongoing administrative costs, as they focus on strategic growth.
For further insights into AU:EQE stock, check out TipRanks’ Stock Analysis page.
