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C3 Metals ( (TSE:CCCM) ) has issued an announcement.
C3 Metals has entered into an Earn-In Agreement with Freeport-McMoRan Exploration Corporation to advance its Bellas Gate Project in Jamaica. The agreement allows Freeport to earn up to a 75% ownership by funding $75 million in exploration and project-related expenditures. This partnership aims to leverage Freeport’s expertise in copper-gold discoveries and optimize the capital risk profile for C3 Metals’ shareholders, potentially enhancing the project’s district-scale potential.
More about C3 Metals
C3 Metals Inc. is a mineral exploration company focused on identifying and developing copper and gold assets. The company’s primary focus is the Bellas Gate Project in Jamaica, where it explores multiple porphyry and epithermal prospects to unlock the site’s potential.
YTD Price Performance: 15.09%
Average Trading Volume: 58,453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$23.83M
Learn more about CCCM stock on TipRanks’ Stock Analysis page.