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Atacama Copper Corporation ( (TSE:FMT) ) has issued an update.
Fuerte Metals Corporation has completed the acquisition of Goldcorp Kaminak Ltd., the owner of the Coffee Gold Project in Canada’s Yukon Territory, from Newmont Corporation. This strategic acquisition involves a transaction valued at approximately US$115 million, including cash, shares, and an assumed intercompany note. The acquisition positions Fuerte to advance its exploration and development activities, with plans to provide a market update and outline future project plans. The company has also strengthened its financial and strategic support, with Newmont retaining a significant ownership stake and rights in the company.
More about Atacama Copper Corporation
Average Trading Volume: 109,976
Technical Sentiment Signal: Buy
Current Market Cap: C$120.9M
Find detailed analytics on FMT stock on TipRanks’ Stock Analysis page.