Millrock Resources (TSE:AEMC) has released an update.
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Alaska Energy Metals Corporation has strategically divested its non-core assets, selling its shareholding in Felix Gold Ltd. and its Mexico subsidiary, Recursos Millrock, thus enhancing its balance sheet with non-dilutive capital. The funds will be directed towards reinforcing their focus on the Nikolai Nickel Project. The company retains gold property assets in Alaska, suggesting potential future sales, and has secured royalty interests in 12 mining concessions, including a notable 0.5% royalty on the El Batamote porphyry copper project.
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