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An update from Abitibi Metals ( (TSE:AMQ) ) is now available.
Abitibi Metals Corp. has successfully secured a 50% interest in the B26 Polymetallic deposit, fulfilling its initial option agreement with SOQUEM ahead of schedule. This achievement marks a significant milestone in their plan to acquire up to 80% ownership of the deposit, with the company well-funded to proceed with the next phase of exploration and development. The advancement into Phase 2 will further strengthen Abitibi’s position in the mineral exploration industry, potentially enhancing its market presence and offering substantial growth opportunities for stakeholders.
More about Abitibi Metals
Abitibi Metals Corp. is a Quebec-focused mineral acquisition and exploration company that specializes in the development of base and precious metal properties with high expansion potential. The company holds a strategic portfolio, including the high-grade B26 Polymetallic Deposit and the Beschefer Gold Project.
Average Trading Volume: 239,449
Technical Sentiment Signal: Sell
Current Market Cap: C$26.5M
For an in-depth examination of AMQ stock, go to TipRanks’ Stock Analysis page.
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