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Inomin Mines Inc ( (TSE:MINE) ) has shared an announcement.
Inomin Mines Inc. has successfully completed the sale of its Mexican subsidiary, Minera Rio Dorado, which holds the La Gitana and Pena Blanca gold-silver mining concessions in Oaxaca, Mexico. The transaction, valued at $350,000, involves a staged payment plan with the final installment contingent on the registration of the mining concessions or a six-month period. This sale aligns with Inomin’s strategic focus on optimizing its portfolio and potentially reallocating resources to other promising projects.
More about Inomin Mines Inc
Inomin Mines Inc. is engaged in the identification, acquisition, and exploration of mineral properties with a strong focus on critical minerals, gold, and silver projects. The company is listed on the TSX Venture Exchange under the symbol MINE.
Average Trading Volume: 111,689
Technical Sentiment Signal: Buy
Current Market Cap: C$4.17M
For a thorough assessment of MINE stock, go to TipRanks’ Stock Analysis page.