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An announcement from Mountain Boy Minerals ( (TSE:MTB) ) is now available.
ExGen Resources and MTB Metals Corp. have entered into a non-binding letter of intent to merge, creating a company focused on copper, gold, and lithium exploration and development. The merger aims to consolidate assets, enhance financial strength, and provide MTB shareholders with exposure to ExGen’s projects, including the Empire copper-gold project in Idaho. This strategic move positions the combined entity to advance its business plan, focusing on high-potential exploration prospects and expanding its portfolio of royalties and carried interests.
More about Mountain Boy Minerals
Mountain Boy Minerals, operating under the name MTB Metals Corp., is involved in the exploration and development of copper, gold, and lithium projects. The company focuses on assets located in favorable jurisdictions, including the Golden Triangle of British Columbia and Idaho, with interests in properties like the Telegraph copper-gold project and the Empire copper-gold project.
Average Trading Volume: 247,868
Technical Sentiment Signal: Hold
Current Market Cap: C$3.87M
Learn more about MTB stock on TipRanks’ Stock Analysis page.