Dacha Strategic Metals Inc. (“Dacha” or the “Company”) (TSX VENTURE:DSM)(OTCQX:DCHAF) announced today that it has sold 30,000 kilograms (“kgs”) of Yttrium Oxide from its domestic supply in Shanghai at an average price of 230 Rmb per kg (including VAT) for gross proceeds of 6,900,000 Rmb(approximately US$1.1 million). Based on the original purchase price of 58 Rmb per kg and a total gross purchase price of 1,740,000 Rmb, the Company realized a pre-tax gain of 5,160,000 million Rmb (approximately US$0.8 million).
About Dacha
Dacha Strategic Metals Inc is an investment company focused on the acquisition, storage and trading of strategic metals with a primary focus on Rare Earth Elements. Dacha is in the unique position of holding a commercial stockpile of Physical Rare Earth Elements. Its shares are listed on the TSX Venture Exchange under the symbol “DSM” and on the OTCQX exchange under the symbol “DCHAF”.
Read the full news release here.