Australia-based Platina Resources Limited (ASX: PGM), focussed on advancing its portfolio of early stage precious, speciality and base metal projects through exploration, feasibility, permitting and development, has extended the Memorandum of Understanding (MoU) with Traxys Europe S.A by a further six months. The term has been extended to continue with assessment of scandium product and market development, as well as potential funding for the Company’s Platina Scandium Project in New South Wales, Australia.
The MoU contemplates to continue working towards-
- A multi-staged cooperation agreement
- A marketing and distribution agreement
- A future working capital component
- Preparing binding documentation
On 6 May 2020 (AEST 12:07 PM), the PGM stock was trading at AUD 0.018, up 5.88% from its previous close.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
