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Canagold Resources ( (TSE:CCM) ) has provided an announcement.
Canagold Resources Ltd. has identified significant antimony mineralization at its New Polaris Gold Project, alongside its gold resources. This discovery could enhance the project’s value given the rising demand and prices for antimony, driven by global supply constraints and its classification as a critical mineral. The potential for antimony production will be integrated with existing gold plans without affecting current timelines, supported by promising metallurgical test results showing high recovery rates of antimony in concentrates.
More about Canagold Resources
Canagold Resources Ltd. operates in the mining industry, focusing primarily on gold resources. The company is engaged in developing its New Polaris Gold Project, which now also presents significant potential for antimony production. Antimony is a critical mineral with applications in defense, semiconductors, and other industrial uses.
YTD Price Performance: -9.68%
Average Trading Volume: 34,421
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$49.73M
Find detailed analytics on CCM stock on TipRanks’ Stock Analysis page.
