It appears to be a strategic decision, indeed. I believe we're likely to see more junior mining companies taking similar steps in the coming months. With the introduction of new heritage laws in Western Australia (WA), the landscape of exploration and mine development is bound to become more challenging. This, along with a potential cash crunch due to peaking interest rates in Australia, could create a double hurdle for those companies that don't proactively diversify.While such a move may not immediately boost the share price, it does provide the company with flexibility to navigate through the potential challenges that new regulations might bring to exploration in WA. Moreover, Nevada has the third highest investment attractiveness index, which is only expected to surpass WA as these new regulations come into effect.
DYOR
TEM Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
