High-Tech Metals Limited ( (AU:HTM) ) has issued an update.
High-Tech Metals Limited has announced a significant acquisition of the Mt Fisher and Mt Eureka Gold Projects, which include a substantial gold resource and active mining leases in Western Australia. This acquisition positions High-Tech as a prominent player in the gold exploration sector, with plans for extensive drilling and exploration activities to enhance their gold resources. The move is expected to provide growth opportunities and consistent news flow for shareholders, while Rox Resources, the seller, benefits from strengthening its balance sheet and retaining exposure to potential future gains.
More about High-Tech Metals Limited
High-Tech Metals Limited is a company operating in the gold exploration and development industry, focusing on acquiring and developing gold projects. The company is actively involved in exploration activities in the Northern Goldfields region of Western Australia, known for its high-grade gold and base metals discoveries.
YTD Price Performance: 6.25%
Average Trading Volume: 22,035
Technical Sentiment Consensus Rating: Sell
Learn more about HTM stock on TipRanks’ Stock Analysis page.