Orosur Mining Advances Projects and Raises Funds

Orosur Mining (TSE:OMI) has released an update.

Orosur Mining Inc. has regained 100% ownership of its flagship Anza Project in Colombia, with a royalty payment structure contingent on future mineral production, and has also identified a major low-sulphidation epithermal system in Argentina, promising for mineral exploration. The company has terminated its Brazilian JV, focusing instead on completing environmental studies in Argentina and a joint venture in the Nigerian lithium belt. Financially, Orosur has conducted successful capital raises through share placings, but notes a reduced cash balance from the previous year.

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