High-Tech Metals Limited ( (AU:HTM) ) has provided an update.
Rox Resources Limited has entered into an agreement to sell its Mt Fisher Gold Project to High-Tech Metals Limited for $1.5 million in cash, along with shares and a royalty arrangement. This divestment aims to boost Rox’s cash reserves and support its primary focus on developing the Youanmi Gold Project, positioning HTM to advance the Mt Fisher project.
More about High-Tech Metals Limited
Rox Resources Limited is a West Australian-focused gold exploration and development company. It owns the Youanmi Gold Project, which has a mineral resource estimate of 2.3 million ounces of contained gold and holds significant existing infrastructure to support mining operations.
YTD Price Performance: 6.25%
Average Trading Volume: 22,035
Technical Sentiment Consensus Rating: Sell
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