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International Metals Refocuses on Core Assets

International Metals Refocuses on Core Assets

Gold State Resources Inc. (TSE:IMM) has released an update.

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International Metals Mining Corp. has called off its acquisition of the Tristar property to focus on its existing lithium and copper assets in Brazil and Peru. The company is amending the terms of its previously announced private placement from $0.15 to $0.10 per unit to adapt to current market conditions and aims to raise up to $900,000. This strategic pivot follows their ongoing exploration and development efforts, including the highly prospective Panteria copper-gold project in Peru.

For further insights into TSE:IMM stock, check out TipRanks’ Stock Analysis page.

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