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The latest update is out from Alba Mineral Resources ( (GB:ALBA) ).
Alba Mineral Resources has completed the acquisition of the Finnsbo Rare Earth Project in Sweden, with an initial payment made in cash and shares. The company now has the right to increase its stake incrementally up to 100% by meeting certain expenditure milestones. This move strengthens Alba’s position in the rare earths sector and provides potential growth opportunities by expanding its resource base. The new shares issued for this transaction are set to be admitted to trading on AIM, which will adjust the total voting rights for shareholders.
More about Alba Mineral Resources
Alba Mineral Resources Plc is a company operating in the mining sector, focusing on the exploration and development of mineral resources. It has a diverse portfolio of projects and investments, including gold projects in Wales, graphite in Greenland, and oil in England. Recently, the company has expanded its interests to include rare earths, copper, and gold in Sweden.
YTD Price Performance: 30.0%
Average Trading Volume: 24,720,677
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.56M
See more data about ALBA stock on TipRanks’ Stock Analysis page.
