15 January 2024
15 January 2024
The Brazilian miner likes the region’s low-carbon production capacity.
The placement will help MTM Critical Metals (MTM) finance one rare earth element (REE) project in Canada and one gold project in Australia.
The move comes after First Quantum's primary operation, the Cobre Panama mine, was mandated to cease operations.
The expansion includes 12 new claims independently staked by Appia, incorporated into the project acquisition at minimal cost.
The company has started commercial production of mixed rare earth concentrate (MREC) in Brazil.
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