Gold State Resources Inc. (TSE:IMM) has released an update.
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International Metals Mining Corp. has halted its plans to acquire a majority stake in mining claims in Brazil, choosing instead to concentrate on its wholly-owned copper projects in Peru. The company is advancing towards drill permitting for their Panteria copper-gold project, which shows promise for significant mineralization. Additionally, they’ve revised their private placement offer to raise $1 million at a reduced unit price to adapt to current market conditions.
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