Pure Resources Limited (AU:PR1) 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
Pure Resources Limited has strategically sold its Järkvissle Lithium project in Sweden for €130,000 to Asera Mining AB and is relinquishing its Bergby nr 100 claim, as part of a broader initiative to lessen its lithium market exposure and refocus on other high-potential battery metal projects. This follows the company’s recent divestment of Finnish lithium claims, aligning with Pure’s goal to streamline operations and reduce costs across fewer jurisdictions. The move is consistent with Pure’s corporate strategy to add value through exploring low-cost, high-prospect battery metal projects.
For further insights into AU:PR1 stock, check out TipRanks’ Stock Analysis page.