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An announcement from Torq Resources Inc ( (TSE:TORQ) ) is now available.
Torq Resources Inc. has finalized an option and joint venture transaction with Gold Fields Limited concerning the Santa Cecilia project in Chile. Gold Fields has acquired a staged option to earn up to a 75% indirect interest in the project by funding up to USD$48 million over a six-year period. This strategic partnership strengthens Torq’s operational capabilities and positions it favorably in the mining sector, as the transaction was overwhelmingly approved by a majority of Torq’s disinterested shareholders.
More about Torq Resources Inc
Torq Resources Inc. operates in the mining industry, focusing on exploration and development projects. The company is involved in the extraction of precious metals, with a significant market focus on its projects in Chile.
YTD Price Performance: 10.0%
Average Trading Volume: 176,111
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$7.65M
See more insights into TORQ stock on TipRanks’ Stock Analysis page.
