The Thomson (ASX:TMZ) share price jumped 9% higher today after its latest announcement

The Thomson Resources Ltd (ASX: TMZ) share price ended the day higher after providing an update on the sale of the Webbs and Conrad Projects. At market close, shares in the Australian-based exploration company finished at 18 cents, up 9.37%.

Let’s take a look and see why the company’s shares rose strongly.

What did Thomson announce?

The Thomson share price advanced higher after reporting progress on its deal with Silver Mines Limited (ASX: SVL).

According to its release, Thomson advised that it reached an agreement with Silver Mines to amend the sale contracts of the Webbs and Conrad Projects.

Both companies originally signed a binding…