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An announcement from Atacama Copper Corporation ( (TSE:FMT) ) is now available.
Fuerte Metals Corporation has entered into a definitive agreement to sell its El Cofre project in Chile to Chilean Cobalt Corporation. This transaction involves the transfer of mining concessions in exchange for 4.5 million common shares of Chilean Cobalt and a total consideration of US$1,890,000. The sale allows Fuerte to focus on its primary project in Chile, the Placeton/Caballo Muerto project, which is strategically located between significant copper-gold deposits. This move is expected to strengthen Fuerte’s focus on its core projects and potentially enhance its market positioning in the copper and precious metals industry.
More about Atacama Copper Corporation
Fuerte Metals Corporation is a well-funded resource company focused on the acquisition, exploration, and development of copper and precious metals projects in the Americas. The company is advancing its Cristina precious metals project in Chihuahua, Mexico, and its Placeton/Caballo Muerto project in Chile, which hosts several untested porphyry copper targets.
Average Trading Volume: 75,341
Technical Sentiment Signal: Buy
Current Market Cap: C$61.59M
Find detailed analytics on FMT stock on TipRanks’ Stock Analysis page.