Metallic Minerals (TSE:MMG) has released an update.
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Newmont Corporation has reinforced its stake in Metallic Minerals by exercising its right to purchase additional shares, maintaining its 9.5% interest. This move follows a strategic investment by Newmont in a drilling program at Metallic Minerals’ La Plata project, which recently showed promising results and is currently under resource modeling. The collaboration between the two companies continues to strengthen, with a focus on expanding the main Allard deposit and exploring new targets.
For further insights into TSE:MMG stock, check out TipRanks’ Stock Analysis page.
