MAX Resource (TSE:MAX) has released an update.
Max Resource Corp. has announced the acquisition of the Florália hematite iron ore property in Brazil, near Belo Horizonte, which boasts close proximity to major mines, steel mills, and infrastructure. Although exploration is still in the early stages, preliminary sampling suggests a significant potential quantity of high-grade iron ore. The company remains focused on its Cesar Project in Colombia but views the Florália Property purchase as a strategic move to enhance shareholder value.
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