Moon River Capital Secures Major Molybdenum Mine Stake

Moon River Capital Ltd. (TSE:MOO) has released an update.

Moon River Capital Ltd. has announced its agreement to acquire a 25% stake in the Endako Mine Complex, the largest molybdenum producer in Canada. With this strategic move, Moon River secures an asset critical to Canada’s economic security and its transition to a low-carbon economy. The deal includes significant funding for environmental and maintenance commitments, as well as the potential for future tax benefits and earn-out payments.

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