Freehill Mining Ltd. (AU:FHS) has released an update.
Freehill Mining Ltd. has secured a significant contract with Cementos Melón to supply materials for a new US$271 million hospital project in La Serena, Chile. This partnership is expected to generate substantial revenue for Freehill over the project’s four-year construction period, with the first monthly purchase order already valued at AS$205,000. This deal highlights Freehill’s strategic shift towards construction materials, prioritizing it over magnetite processing to maximize revenue.
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