Tri-Star Resources Plc invests in SPMP

  • Jan 03, 2020 GMT
  • Team Kalkine
  Tri-Star Resources Plc (LON: TSTR) has released an update on its investment in Strategic & Precious Metals Processing LLC (SPMP).
  • In SPMP joint venture, the company is having a 40 per cent equity interest, while the Oman Investment Fund holds 40 per cent and a part of Dutco Group in Dubai, DNR Industries Limited holds 20 per cent equity stake.
  • SPMP, in order to upgrade operations at its antimony and gold production facility in Oman, was in the process of seeking further financing.
  • On 3rd January 2020, at the time of writing, GMT 08:09 AM, TSTR shares were trading at GBX 15.25, down by 19.25 points or 55.80% against the previous day closing price.

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