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Mogotes Metals Inc. ( (TSE:MOG) ) has shared an announcement.
Mogotes Metals Inc. has announced an amended agreement with Golden Arrow Resources Corp, granting the company the option to acquire a 100% interest in the Filo Sur project in Argentina. This acquisition involves a combination of cash, private placement, and common shares, along with a net smelter returns royalty. This move is expected to strengthen Mogotes’ foothold in a notable copper exploration region, enhancing its strategic options and potential discoveries, which could have significant implications for its market positioning and stakeholders.
More about Mogotes Metals Inc.
Mogotes Metals Inc. operates in the mining industry, focusing primarily on copper exploration. The company has strategically positioned itself by acquiring significant land packages in Argentina, particularly within the Vicuña district, known for its rich copper discoveries.
YTD Price Performance: 3.45%
Average Trading Volume: 358,607
Technical Sentiment Consensus Rating: Strong Buy
For an in-depth examination of MOG stock, go to TipRanks’ Stock Analysis page.
