Canuc Resources to Acquire Macdonald Mines

Canuc Resources (TSE:CDA) has released an update.

Canuc Resources Corporation has signed a letter of intent to acquire all shares of Macdonald Mines Exploration Inc., marking a significant move to enhance its portfolio with potential for iron-oxide-copper-gold and other precious metal deposits. The transaction is subject to shareholder and regulatory approvals, aiming to consolidate high-quality exploration prospects in North America. CEO Christopher Berlet emphasizes that this acquisition aligns with Canuc’s growth strategy and commitment to delivering long-term value for shareholders.

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