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Oremex Silver Inc. (TSXV:OAG,OTCQX:ORAGF) announced updates as well as plans for the next 12 months.
Oremex Silver Inc. (TSXV:OAG,OTCQX:ORAGF) announced updates as well as plans for the next 12 months.
As quoted in the press release:
While the non-core assets have significant value, the Board of Oremex Silver believes that the capital requirement for the continued development of these projects would be to the detriment of investing in and realizing full value potential of the Tejamen deposit. The divestiture of non-core assets will enable the company to strengthen its balance sheet, provide financing to the company that is non-dilutive to the share structure and allow for the continued advancement and greater focus on the 50 million oz Tejamen silver deposit.
To view the whole press release, click here.