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Jazz Resources ( (TSE:JZR) ) just unveiled an announcement.
JZR Gold Inc. has entered into a loan agreement with Eco Mining Oil & Gaz Drilling and Exploration Ltda to advance up to US$2,000,000, intended to support the acquisition and assembly of a gravimetric mill for the Vila Nova gold project in Brazil. The loan agreement includes a 50% net profit interest for JZR in the project’s gold production, enhancing its strategic stake in the operation and potentially boosting its market positioning in the gold exploration sector.
More about Jazz Resources
JZR Gold Inc. operates in the mineral exploration industry, with a focus on gold production. The company is involved in projects located in Brazil, aiming to leverage exploration and development opportunities within the region.
YTD Price Performance: 4.35%
Average Trading Volume: 29,331
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$12.99M
See more insights into JZR stock on TipRanks’ Stock Analysis page.