Beacon Minerals Limited (AU:BCN) has released an update.
Beacon Minerals Limited is set to increase its stake in the mining sector by seeking shareholder approval for a joint venture that will potentially give the company up to a 50% interest in the Lady Ida Project. The deal, seen as a strategic move to extend the life of the Jaurdi Project, requires no additional capital or debt as it leverages existing assets and infrastructure. Independent Director Sarah Shipway has endorsed the transaction as beneficial, aligning with Beacon’s growth strategy without financial strain.
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