Polymetals Resources Ltd. (AU:POL) has released an update.
Polymetals Resources Ltd shareholders have given the green light for the acquisition of the Endeavor Silver Zinc Lead Mine and additional share placement funding, raising $560,000 from existing shareholder Sparta AG. This approval enables the immediate commencement of refurbishment works on the mine, setting a clear path towards near-term production and long-term cashflow. The company’s board expressed their delight at the shareholder endorsement of the acquisition and funding resolutions, which are seen as removing key obstacles to restarting operations at the mine.
For further insights into AU:POL stock, check out TipRanks’ Stock Analysis page.
