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MAX Resource ( (TSE:MAX) ) has provided an update.
Max Resource Corp has announced the closing of the second tranche of financing for its Australian subsidiary, Max Iron Brazil Ltd., raising AUD $2.5 million. The proceeds will be used to advance the Florália DSO Hematite Iron Ore Project in Brazil. The successful financing enhances Max Resource’s capacity to develop its iron ore assets, potentially strengthening its position in the mining sector.
More about MAX Resource
Max Resource Corp is a company with a focus on mining projects, particularly in copper and iron ore. The company operates the Sierra Azul Project in Colombia, situated along the Andean copper belt, and has an Earn-In Agreement with Freeport-McMoRan Exploration Corporation. Additionally, Max Resource is advancing its Florália DSO Hematite Iron Ore Project in Minas Gerais, Brazil, which is a significant iron ore and steel-producing region.
YTD Price Performance: 0%
Average Trading Volume: 116,169
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.89M
For detailed information about MAX stock, go to TipRanks’ Stock Analysis page.
