TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Jangada Mines PLC ( (GB:JAN) ) just unveiled an update.
Jangada Mines PLC has announced the potential acquisition of a 33.3% equity interest in MTGOLD Mineração Ltda, with an option to increase its stake to 50.1%, securing management rights over the Paranaíta Gold Project in Brazil. To fund this acquisition and expedite the development of the project, Jangada has raised £800,000 through a share placement. The Paranaíta Gold Project, located in the Alta Floresta – Juruena Gold Province, is a promising site with extensive historical data and significant gold occurrences. The company aims to rapidly upscale the project, which could position Jangada as a key player in the gold mining industry, especially with gold prices on the rise.
More about Jangada Mines PLC
Jangada Mines PLC is a natural resources development company with assets in Brazil and other jurisdictions, operating primarily in the mining sector. The company focuses on the exploration and development of mineral resources, with a particular emphasis on gold projects.
Average Trading Volume: 526,965
Technical Sentiment Signal: Hold
Current Market Cap: £2.59M
Find detailed analytics on JAN stock on TipRanks’ Stock Analysis page.