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The latest announcement is out from EV Minerals Corporation ( (TSE:EVM) ).
EV Minerals Corporation has announced a strategic amalgamation with 15007887 Canada Inc., resulting in a new entity named Three Points Copper Inc. This move will see the securityholders of the target company holding 70% of the new entity, which will focus on the Santa Monica Copper Project in Chile. The Santa Monica Project, located in the Tres Puntas Mining District, is a 3,490-hectare land package with past-producing mines and significant exploration potential. The project benefits from existing infrastructure, a Small Miner’s Permit for near-term production, and a permitted processing site, positioning it well for future growth and regional consolidation in copper production.
More about EV Minerals Corporation
EV Minerals Corporation operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper mining, with a significant market focus on high-grade copper projects.
Technical Sentiment Signal: Sell
Current Market Cap: C$1.69M
See more insights into EVM stock on TipRanks’ Stock Analysis page.