Cerrado Gold (TSE:CERT) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Cerrado Gold’s subsidiary, Minera Don Nicolas, has bolstered its financial position by receiving an initial US$4 million option payment from Cerro Vanguardia for the potential sale of its Michelle exploration properties. This payment supports the company’s strategic focus on expanding its core projects in Argentina and Quebec. Additionally, Cerrado Gold has extended a US$275,000 loan to Ascendant Resources, highlighting its active role in supporting mining ventures.
For further insights into TSE:CERT stock, check out TipRanks’ Stock Analysis page.