Fitzroy Minerals Extends Deadline for Ptolemy Acquisition

Norseman Capital ( (TSE:FTZ) ) just unveiled an announcement.

Fitzroy Minerals Inc. has announced an update regarding its acquisition of Ptolemy Mining Limited, extending the termination date of the agreement to February 28, 2025. The acquisition, which received conditional approval from the TSX Venture Exchange, is contingent upon completing several conditions, including an audit of Ptolemy’s finances and a private placement offering by Fitzroy. The acquisition is expected to close by late February, pending the completion of legal formalities.

More about Norseman Capital

Fitzroy Minerals is engaged in the exploration and development of mineral assets with significant potential across the Americas. The company’s portfolio includes the Caballos Copper and Polimet Gold-Copper-Silver projects in Valparaiso, Chile, the Taquetren Gold project in Rio Negro, Argentina, and the Cariboo project in British Columbia, Canada. Fitzroy Minerals is listed on the TSX Venture Exchange and the OTCQB.

YTD Price Performance: -16.67%

Average Trading Volume: 97,510

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$18.7M

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