Torq Resources Inc (TSE:TORQ) has released an update.
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Torq Resources Inc. has signed a definitive agreement with Gold Fields Limited, allowing Gold Fields to potentially acquire up to a 75% interest in Torq’s Santa Cecilia Project by investing up to $48 million over six years. The agreement outlines a staged approach, with Gold Fields initially funding $18 million to earn a 51% interest, followed by additional investments to reach the total stake. This strategic partnership aims to advance exploration and development efforts in the promising Chilean mining project.
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