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Inomin Mines Inc ( (TSE:MINE) ) has provided an announcement.
Inomin Mines Inc. has entered into a definitive agreement to sell its subsidiary, Minera Rio Dorado, which holds the La Gitana and Pena Blanca gold-silver mining concessions in Oaxaca, Mexico, to Calu Royalty for C$350,000. The transaction, subject to TSX Venture Exchange review, involves staged payments and marks a significant move in Inomin’s strategic operations, potentially impacting its market positioning and stakeholder interests.
More about Inomin Mines Inc
Inomin Mines Inc. is engaged in the identification, acquisition, and exploration of mineral properties with a focus on critical minerals, as well as gold and silver projects. The company is listed on the TSX Venture Exchange under the symbol MINE.
Average Trading Volume: 133,013
Technical Sentiment Signal: Buy
Current Market Cap: C$3.19M
See more insights into MINE stock on TipRanks’ Stock Analysis page.