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Jangada Mines PLC ( (GB:JAN) ) just unveiled an announcement.
Jangada Mines PLC has completed the acquisition of a 33.3% equity interest in MTGOLD Mineração LTDA, the owner of the Paranaíta Gold Project in Brazil. This project is situated in the Alta Floresta – Juruena Gold Province, known for its rich gold deposits. The acquisition, valued at £1 million in shares and £250,000 in cash, positions Jangada as the operator of the project, which has already identified 210,000 ounces of gold. The company plans to further explore and develop the site, aiming to unlock significant value in the near term.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resource development company focused on mining operations, with assets primarily located in Brazil. The company operates in the mining sector and is listed on the AIM market, emphasizing the exploration and development of gold and other mineral resources.
Average Trading Volume: 2,187,430
Technical Sentiment Signal: Sell
Current Market Cap: £2.27M
For an in-depth examination of JAN stock, go to TipRanks’ Overview page.