Armadale Capital (GB:ACP) has released an update.
Armadale Capital Plc has invested in reopening the historic Canyon Silver mine shaft in Northern Idaho, USA, by funding the initial $150,000 required for a 25% stake in the project. The company anticipates 60 days for portal access with the intent to modernize the mine and leverage high silver prices, currently around $28 per ounce, to enhance project potential. Progress updates will be provided to shareholders as the project advances.
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