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The latest announcement is out from Lodestar Minerals ( (AU:LSR) ).
Lodestar Minerals has decided not to proceed with the acquisition of the Darwin project in Chile, confirming it will not exercise the previously secured option to purchase the asset from Coastal Metals Chile SpA. The decision signals a strategic step back from this specific Chilean opportunity, potentially allowing the company to reallocate capital and management focus to other exploration or development priorities within its portfolio, with implications for how it pursues international growth and project selection going forward.
More about Lodestar Minerals
Lodestar Minerals Limited (ASX: LSR) is an Australia-based mineral exploration company focused on identifying and advancing resource projects, including international opportunities such as those in Chile, to build its portfolio of prospective mining assets.
YTD Price Performance: -14.29%
Average Trading Volume: 12,656,984
Technical Sentiment Signal: Sell
Current Market Cap: A$13.69M
See more data about LSR stock on TipRanks’ Stock Analysis page.