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The latest update is out from Resouro Gold Inc. ( (TSE:RSM) ).
Resouro Strategic Metals Inc. has announced a collaboration with the MagBras Initiative to establish a complete rare earth permanent magnet production supply chain within Brazil. This partnership aims to reduce reliance on imports, promote local innovation, and position Brazil as a significant player in the global critical minerals market. The MagBras Initiative, supported by various Brazilian industrial and innovation institutions, has secured comprehensive funding from Minas Gerais State Agencies. This collaboration includes notable companies such as Stellantis, which leads a group directly connected with Resouro’s production efforts, potentially impacting the automotive and broader industrial sectors.
More about Resouro Gold Inc.
YTD Price Performance: 9.52%
Average Trading Volume: 48,337
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$19.22M
Find detailed analytics on RSM stock on TipRanks’ Stock Analysis page.
