Orosur Mining’s Q1 Results and Strategic Moves

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

Orosur Mining Inc. has announced its unaudited results for the first quarter ending August 31, 2024, with a focus on regaining 100% ownership of the Anza gold project in Colombia through a deal with Newmont and Agnico. The company also reported a financial update, including a cash balance increase to $1.15 million and a recent fundraising of £835,000 through a share placing. Additionally, Orosur is advancing environmental studies in Argentina and managing its creditors’ agreement in Uruguay, while cautiously proceeding with its Nigerian project amid fluctuating lithium prices.

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