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The latest announcement is out from Manhattan Corporation ( (AU:MHC) ).
Manhattan Corporation Limited has entered into a Farm-In and Joint-Venture Agreement with Novo Resources Corporation to explore the Northern Tenements of the Tibooburra Gold Project, with Novo committing to a minimum expenditure to earn a majority interest. Additionally, Manhattan’s subsidiary, Continental Lithium Ltd., has received surface access approval for advancing the Chebogue Lithium Project in Nova Scotia, targeting spodumene-bearing pegmatite boulders with significant lithium assays. These strategic moves are expected to enhance Manhattan’s operational capabilities and exploration success in both gold and lithium sectors, potentially strengthening its market position and offering substantial opportunities for stakeholder value.
More about Manhattan Corporation
Manhattan Corporation Limited is involved in the exploration and development of mineral resources, focusing primarily on gold and lithium projects. Its key operations include the Tibooburra Gold Project in New South Wales and the Chebogue Lithium Project in Nova Scotia, Canada.
YTD Price Performance: 230.0%
Average Trading Volume: 5,050
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.52M
See more insights into MHC stock on TipRanks’ Stock Analysis page.
