TRU Precious Metals Corp. (TSX-V:TRU, OTCQB:TRUIF) closed out the third quarter of 2023 with just over C$3 million in cash.
“These financial results are the first to reflect the strategic investment of $3 million by Ormonde Mining PLC (AIM:ORM) (as press released September 6, 2023), and show that we have a very strong cash balance and working capital position,” said Joel Freudman, TRU’s chief executive.
“With our substantial treasury, we are well positioned to continue cost-effectively advancing our flagship Golden Rose Project while also reviewing other acquisitions or investment opportunities as they become available in these incredibly challenging overall mining market conditions. Given the size of our treasury, and our discoveries and pipeline of prospects at our Golden Rose Project, I strongly believe that TRU is substantially undervalued, and so I have continued to increase my personal ownership in the company through recent share acquisitions in the open market.”