African Energy Metals (TSE:CUCO) has released an update.
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African Energy Metals Inc. is progressing with its definitive agreement to acquire a 100% interest in the high-grade Mink Narrows Group polymetallic copper project in the Flin Flon Manitoba mining camp. The company plans to issue 4.85 million shares to settle outstanding debts and is also changing its name to Copper Reef Metals Inc. The project has seen extensive prior exploration, boasts historical drilling results with high copper grades, and lies in a region with well-established mining infrastructure.
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