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Resouro Strategic Metals Inc. (RSGOF) June 2024 Quarterly Financial Statements and MD&A
Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc.(ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCM...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"\nResouro Strategic Metals Inc. (RSGOF) June 2024 Quarterly Financial Statements and MD&A\n\n Toronto, Canada (ABN Newswire) - Resouro Strategic Metals Inc.(ASX:RAU) (CVE:RSM) (FRA:8TX) (OTCMKTS:RSGOF) is a mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros Titanium and Rare Earth Elements Project (\"Tiros Project\") in Minas Gerais and the Novo Mundo Gold Project in Mato Grosso.\n \n\n Resouro Strategic Metals Inc., formerly Resouro Gold Inc., was incorporated on August 4, 1992 under the laws of British Columbia, Canada. The Company's head office and registered is Suite 250 997 Seymour Street, Vancouver, British Columbia, Canada V6B 3M1. The Company's shares are listed on the Australian Securities Exchange (the \"ASX\") under the symbol \"RAU\", the TSX Venture Exchange (the \"TSX.V\") under the symbol \"RSM\", the Over-the-Counter pink sheet US exchange (the \"OTC\") under the symbol \"RSGOF\" and the Frankfurt Stock Exchange (the \"FSE\") under the symbol \"8TX\".\n \n\n The Company has four subsidiaries. Ison Mining Pte Ltd. (\"ISON\") is owned by Resouro. ISON was incorporated under the laws of Singapore. ISON owns 100% of the outstanding shares of ISON do Brasil Mineracao Ltda (\"ISON do Brasil\"), a company incorporated under the laws of Brazil. Tiros Stratmet Pte Ltd (\"TSPS\") is 100% owned by Resouro. TSPS was incorporated under the laws of Singapore. TSPS owns 90% of the outstanding shares of Tiros Minerais Estrategicos Mineracao Ltda (\"TMEL\"), a company incorporated under the laws of Brazil. A third party holds a 10% non-controlling interest (\"NCI\") over the Tiros project assets through its 10% ownership of TMEL.\n \n\n The Company changed its fiscal year end to March 31st effective May 15, 2022, upon the completion of the Company's reverse takeover transaction (\"RTO\") (Note 3). The change in the fiscal year end to March 31st was made in order to streamline the Company's financial reporting.\n \n\n The Company is an exploration stage company and has interests in mineral exploration properties in Brazil.\n \n\n Substantially all of the Company's efforts are devoted to financing and developing these properties and/or acquiring new ones. There has been no determination whether the Company's interests in mineral exploratio...