ExGen Resources (TSE:EXG) has released an update.
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ExGen Resources has entered a strategic agreement with Phoenix Copper to fund the construction and operation of the Empire Mine Project in Idaho. This deal allows ExGen to maintain its 20% interest without facing upfront costs, as Phoenix will cover these through a loan to Konnex, which will be repaid from ExGen’s share of future profits. The agreement marks a significant step forward for ExGen, reducing financial risk and accelerating the path to production.
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