Golden Ridge Resources Ltd (TSE:GLDN) has released an update.
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Golden Ridge Resources Ltd has signed a definitive agreement to acquire an 80% interest in Brazilian mining company MM Group Ltda, with the deal marking a reverse takeover. The transaction will see Golden Ridge issuing common shares to the vendors, enhancing their access to global capital and markets. This strategic move aims to leverage MM Group’s innovative and environmentally sustainable iron ore mining technologies for future growth.
For further insights into TSE:GLDN stock, check out TipRanks’ Stock Analysis page.
