Torq Resources Inc (TSE:TORQ) has released an update.
Torq Resources Inc. has announced significant cost-cutting measures, including a 50% pay cut for North American senior executives and consolidating their Vancouver operations into their Santiago offices to focus on their core projects. The company has also seen the resignation of a director and their Chief Geological Officer, and has dropped the Andrea project to prioritize capital towards its Margarita and Santa Cecilia projects. The company is actively exploring financing options and believes in the potential of their projects despite current under-appreciation in the market.
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