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Decade Resources ( (TSE:DEC) ) just unveiled an announcement.
Decade Resources Ltd has entered into an option agreement to acquire the North Mitchell Property in the Golden Triangle of British Columbia, an area surrounded by substantial copper and gold deposits. This strategic acquisition positions Decade Resources to potentially benefit from the proximity to significant mineral resources, enhancing its prospects in the mining industry. The agreement allows Decade to earn a 70% interest in the property through a series of share payments, with the potential for further financial arrangements based on future production. This move could strengthen Decade’s industry positioning and offer promising opportunities for stakeholders.
More about Decade Resources
Decade Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the extraction of copper and gold, with a significant market focus on regions with rich mineral deposits, such as the Golden Triangle in northwestern British Columbia.
YTD Price Performance: -12.50%
Average Trading Volume: 98,060
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$5.15M
See more data about DEC stock on TipRanks’ Stock Analysis page.