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ValOre Metals Corp ( (TSE:VO) ) has issued an announcement.
ValOre Metals Corp announced its proposal to acquire South Atlantic Gold Inc, creating a large-scale precious metals district in Ceara State, Brazil. This acquisition, which involves the issuance of ValOre shares valued at approximately CAD$2.7M, aims to combine two adjacent projects, enhancing value for shareholders and impacting local communities positively. The joint venture intends to leverage ValOre’s exploration expertise and infrastructure access, potentially unlocking significant mineral resources along a 50 km gold belt.
More about ValOre Metals Corp
ValOre Metals Corp is a company operating in the precious metals industry, focusing on exploration and development, with projects in Brazil. The company is part of the Discovery Group, which provides access to capital and expertise, positioning it to advance significant projects in the sector.
YTD Price Performance: -6.67%
Average Trading Volume: 232,276
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$16.03M
See more data about VO stock on TipRanks’ Stock Analysis page.
