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An announcement from Arizona Sonoran Copper Co., Inc. ( (TSE:ASCU) ) is now available.
Arizona Sonoran Copper Company Inc. has secured a strategic investment of C$19.9 million from Hudbay Minerals Inc. through a private placement, granting Hudbay a 9.99% stake in the company. The funds will be used for drilling, exploration, and advancing the Cactus copper project in Arizona, which is anticipated to bolster the company’s position in the copper market and support its expansion efforts.
More about Arizona Sonoran Copper Co., Inc.
Arizona Sonoran Copper Co., Inc. operates in the mining industry, focusing primarily on copper production. The company is actively involved in the exploration and development of the Cactus copper project in Arizona, aiming to become a significant producer of copper cathodes for industrial use in Arizona and the broader US supply chain.
YTD Price Performance: -4.03%
Average Trading Volume: 123,507
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$193.8M
See more insights into ASCU stock on TipRanks’ Stock Analysis page.
