Dore Copper Mining (TSE:DCMC) has released an update.
Doré Copper Mining and Cygnus Metals have announced a merger to form a new company focused on critical minerals in Québec, combining copper and lithium resources with strong management expertise. The merger will provide Doré Copper shareholders with 1.8297 Cygnus shares for each Doré Copper share, valuing Doré Copper at approximately C$24 million. The combined entity aims to leverage geographical synergies and advance key projects, supported by an upcoming equity raise from Cygnus.
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