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Megado Gold Ltd. ( (AU:MEG) ) has shared an announcement.
Megado Minerals Limited announced its acquisition of an 80% interest in a major European Copper Project, located in Northern Spain, which comprises 12 exploration permits with significant historical copper production. This acquisition aligns with the European Union’s 2024 Critical Raw Materials Act, highlighting copper as a strategic mineral. Additionally, Megado has entered into an agreement with PURE Exploration (USA) LLC, a subsidiary of Iluka Resources, for potential acquisition of the North Fork Rare Earth Project in Idaho, USA, reflecting an expansion of its resource base into rare earth elements. These developments could enhance Megado’s positioning in the critical minerals sector, potentially benefiting stakeholders by diversifying its resource portfolio and strengthening its market presence.
More about Megado Gold Ltd.
Megado Minerals Limited is a company engaged in the exploration and development of mineral resources, with a focus on copper and rare earth projects. The company is listed on the Australian Securities Exchange (ASX: MEG) and is actively pursuing opportunities in strategic minerals, particularly in Europe and the USA.
YTD Price Performance: -17.65%
Average Trading Volume: 683,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$6.3M
For detailed information about MEG stock, go to TipRanks’ Stock Analysis page.
