Cerrado Gold (TSE:CERT) has released an update.
Cerrado Gold’s subsidiary, Minera Don Nicolas, has bolstered its financial position by receiving an initial US$4 million option payment from Cerro Vanguardia for the potential sale of its Michelle exploration properties. This payment supports the company’s strategic focus on expanding its core projects in Argentina and Quebec. Additionally, Cerrado Gold has extended a US$275,000 loan to Ascendant Resources, highlighting its active role in supporting mining ventures.
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