Nine Mile Metals Ltd. (TSE:NINE) has released an update.
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Nine Mile Metals Ltd. has taken strategic steps to expand its mining portfolio by exercising its option to take full ownership of three mineral projects, including California Lake, Canoe Landing Lake East, and Nine Mile Brook East, covering a combined area of 38.94 km2. The acquisition deal includes the issuance of common shares and converts a final cash payment into shares, with all securities being subject to a four-month hold period. These projects are located in regions known for base metal occurrences and VMS deposits, positioning Nine Mile Metals to capitalize on the area’s mining potential.
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