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The latest announcement is out from Pancontinental Gold ( (TSE:RUSH) ).
Carolina Rush Corporation has entered into an Earn-In Option Agreement with OceanaGold Corporation for the Brewer Gold-Copper Project in South Carolina. The agreement allows OceanaGold to earn up to an 80% interest in the project by funding $20 million in exploration expenditures by 2030. This partnership is expected to leverage OceanaGold’s technical expertise and financial support to advance the Brewer Project, contingent on Carolina Rush shareholder approval. The collaboration could significantly impact Carolina Rush’s operations by enhancing its exploration capabilities and potentially increasing its market positioning in the gold and copper industry.
More about Pancontinental Gold
Carolina Rush Corporation is a Southeastern U.S.-focused exploration company, advancing its 100%-owned Brewer Gold-Copper Project in South Carolina. The project is a large, underexplored system with potential for both near-surface epithermal and deeper porphyry-style mineralization. The Brewer site is located 13 km from OceanaGold’s Haile Gold Mine.
Average Trading Volume: 42,351
Technical Sentiment Signal: Buy
Current Market Cap: C$6.79M
For an in-depth examination of RUSH stock, go to TipRanks’ Overview page.