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Inflection Resources ( (TSE:AUCU) ) has shared an announcement.
Inflection Resources Ltd. has completed the issuance of 11,133,399 common shares to AngloGold Ashanti Holdings plc as part of an Exploration Earn-in Agreement. This transaction grants AngloGold Ashanti a 9.9% equity interest in Inflection, following their AUD10,000,000 investment in the company’s New South Wales properties. This strategic partnership enhances Inflection’s operational capacity and strengthens its position in the mining sector.
More about Inflection Resources
Inflection Resources Ltd. operates in the mining industry, focusing on exploration activities. The company is involved in the development and exploration of mineral properties, with a particular emphasis on its projects in New South Wales, Australia.
YTD Price Performance: 82.50%
Average Trading Volume: 87,412
Technical Sentiment Signal: Sell
Current Market Cap: $23.59M
See more insights into AUCU stock on TipRanks’ Stock Analysis page.
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