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ExGen Resources ( (TSE:EXG) ) just unveiled an update.
ExGen Resources Inc. 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 proposed merger aims to consolidate assets, including the DOK property in British Columbia, and provide MTB shareholders exposure to ExGen’s projects. The combined entity will benefit from a strong balance sheet and a diversified property portfolio, positioning it as a leading exploration company with near-term production potential and a focus on high-value prospects.
More about ExGen Resources
ExGen Resources Inc. operates in the mining industry, focusing on the exploration and development of copper, gold, and lithium projects. The company holds interests in various properties, including the Empire Mine in Idaho and the DOK claims in British Columbia’s Golden Triangle. ExGen aims to expand its portfolio through strategic mergers and acquisitions.
Average Trading Volume: 25,320
Technical Sentiment Signal: Hold
Current Market Cap: C$6.89M
For a thorough assessment of EXG stock, go to TipRanks’ Stock Analysis page.
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