Somerset Minerals Reports Key Discoveries and Agreements

Tempus Resources Ltd. (AU:SMM) has released an update.

Somerset Minerals Ltd reported significant progress in the September 2024 quarter with the discovery of new gossans at its Prescott Project in Nunavut, Canada, suggesting potential for sediment-hosted copper deposits. The company also announced strategic agreements, including a sale with Barrick Gold and an earn-in agreement with Blackdome Mining, enhancing its financial flexibility. Additionally, Somerset secured a convertible loan agreement to further bolster its exploration efforts.

For further insights into AU:SMM stock, check out TipRanks’ Stock Analysis page.