24 May 2024
24 May 2024
Several mines have been placed under care and maintenance due to increasing costs and declining margins.
The move comes after the company lost the right to operate its copper mine in Panama.
The proceeds will be used by the company to fund its Copper Creek Project and for general working capital.
The two projects consist of six mineral rights within a 50km radius of Aura's Matupá Project.
Fortress will pay a total consideration of $5.5m in cash and shares, alongside a commitment of $6m in exploration expenditures.
Tinga Valley Copper & Gold holds the Tinga Valley Property, a 347km² copper-gold project in Papua New Guinea.
Phenom agreed to pay $150,000 (C$205,031) and issue 75,000 shares over a four-year period to fully exercise its option.
The Case Lake West Cesium and Spodumene Pegmatite Project covers around 2,200 contiguous acres in the Larder Lake Mining division.
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