AbraSilver Resource (TSE:ABRA) has released an update.
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AbraSilver Resource Corp has announced the completion of a US$1 million private placement with Teck Resources Limited as part of a joint venture agreement for the La Coipita copper-gold project in Argentina. This strategic investment underscores the project’s potential and strengthens AbraSilver’s partnership with Teck, who aims to acquire an 80% interest by funding exploration and making cash payments. The share placement was priced at a 25% premium, highlighting strong investor confidence.
For further insights into TSE:ABRA stock, check out TipRanks’ Stock Analysis page.
