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The latest update is out from African Energy Metals ( ($TSE:CUCO.H) ).
African Energy Metals Inc. has signed an option agreement with Rio Silver Inc. to acquire a 100% interest in the Niñobamba silver-gold project in Peru. This acquisition positions the company to develop a significant mineral deposit in a resource-rich country, bolstered by extensive prior exploration work and strong local partnerships. The move is expected to enhance African Energy Metals’ operations by utilizing the comprehensive technical data and local expertise provided by experienced personnel, further supported by a planned private placement of up to $1,000,000.
More about African Energy Metals
African Energy Metals Inc. operates in the mining industry with a focus on acquiring and developing precious metal projects, primarily in Africa and now expanding into South America. The company’s primary products are silver and gold, and it aims to leverage existing infrastructure and mineral-rich regions to enhance its market presence.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.39M
For a thorough assessment of CUCO.H stock, go to TipRanks’ Stock Analysis page.
