Star Diamond Corporation (TSE:DIAM) has released an update.
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Star Diamond Corporation, a Canadian resource firm, has taken a major leap by acquiring the entirety of Rio Tinto Exploration Canada Inc.’s 75% interest in the Star – Orion South Diamond Project, making it the sole owner. This strategic move, including assets like a drill rig and a diamond sorting machine, not only consolidates their presence in Saskatchewan’s Fort à la Corne diamond district but also strengthens their financial position with future environmental remediation secured by Rio Tinto’s letters of credit.
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