EV Resources Sells La Cienega Project to Focus on Core Operations

An update from EV Resources Limited ( (AU:EVR) ) is now available.

EV Resources Limited has announced the sale of its La Cienega Project in Arizona to Magnum Mining and Exploration Limited. This strategic move allows EV Resources to concentrate on its core projects while benefiting from a 2% net smelter return royalty from any minerals produced at La Cienega. The transaction is contingent upon the completion of due diligence and necessary approvals, and it is linked to Magnum’s acquisition of additional projects.

More about EV Resources Limited

EV Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in projects that aim to extract valuable minerals, with a market focus on enhancing its core projects.

Technical Sentiment Signal: Buy

Current Market Cap: €5.45M

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