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Tempus Resources Ltd. ( (AU:SMM) ) has issued an announcement.
Somerset Minerals Ltd reported significant progress in the December 2024 quarter by entering a conditional agreement to acquire the Coppermine Project in Nunavut, Canada, which potentially enhances their portfolio with high-grade copper resources. The company’s strategic move to acquire the Coppermine Project positions it as a major landholder in the region, which could strengthen its market presence in the copper mining sector. Additionally, Somerset has secured convertible loan notes and completed the sale of a mineral concession in Ecuador, indicating steps towards financial stability and growth.
More about Tempus Resources Ltd.
Somerset Minerals Ltd is engaged in the exploration and development of mineral projects. The company primarily focuses on high-grade copper lodes, particularly through its exploration activities in Nunavut, Canada, and acquisition efforts such as the Coppermine Project.
Average Trading Volume: 128,838
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.12M
See more data about SMM stock on TipRanks’ Stock Analysis page.
