One of the companies that could well be worth tracking at this point in time is Agri-Dynamics Inc. (OTC:AGDY), according to an update shared by the company last Friday. On January 19, the company entered the news cycle after it announced that, over the course of the past year, it had been working assiduously with new parties related to the Red Cloud Mine (RCM).
The company had been working with those parties for the purpose of negotiating with investors for financing to begin the core drilling initiative at the Red Cloud Mine. Agri-Dynamics announced that it had been its aim to support the owners of the mine in upgrading the N143-101 with more assays from new core samples that had been obtained from the RCM. It had been done by the company to take care of its own obligations so that it could get its portion of the revenues following the beginning of operations at RCM.
Towards the end of 2023, the last raise was achieved by the concerned parties, and it was deemed that the amount of $8 million that had been raised was enough to take care of the core sampling at the RCM. The company announced last Friday that the concerned parties had been informed that the sampling project could be scheduled to begin following the completion of the initial survey.
Agri-Dynamics also revealed in its news release that the necessary due diligence had been concluded on the mining company with regards to the latter’s capability of accomplishing the requisite tasks. The parties would also go to Mexico by the end of this month in order to meet with the concerned team, which would be responsible for the core sampling work at the mine. It may be a good idea for investors to consider keeping an eye on the Agri-Dynamics stock.