Interra Resources gets 12-month extension for SGX watchlist exit

This allows the company to meet the required daily market capitalisation of at least $40m on average.

Interra Resources has secured approval from the SGX-ST for a 12-month extension to meet the criteria for removal from the SGX watchlist, according to its bourse filing.

This extension allows the company more time to achieve the required average daily market capitalisation threshold of at least $40m, a benchmark it has not met over the past six months.

The company has, however, fulfilled one of the watchlist removal requirements by recording a pre-tax profit for 2023.

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