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Aguia Resources Limited ( (AU:AGR) ) has shared an update.
Aguia Resources Limited has executed a binding agreement to divest its non-core Atocha Silver Project in Colombia for C$1 million cash and a 25% retained equity. This strategic move allows Aguia to focus on its core projects, the Tres Estradas Phosphate Project in Brazil and the Santa Barbara Gold Project in Colombia, enhancing operational efficiencies and aligning with near-term production goals. The transaction is expected to strengthen the company’s balance sheet and streamline its operations, providing immediate value realization and aligning with a consortium of Canadian mining executives and investors.
More about Aguia Resources Limited
Aguia Resources Limited is an ASX-listed multi-commodity company with pre-production phosphate projects in Rio Grande do Sul, Brazil, and gold projects in Bolivar, Colombia. The company has experienced in-country teams in Porto Alegre, Brazil, and Medellin, Colombia, and has expanded its asset base to include gold, silver, and copper projects through the acquisition of Andean Mining.
Average Trading Volume: 2,329,284
Technical Sentiment Signal: Sell
Current Market Cap: A$36.26M
For an in-depth examination of AGR stock, go to TipRanks’ Overview page.