Magna Terra Minerals Inc ( (TSE:MTT) ) has provided an update.
Magna Terra Minerals Inc. has expanded its Rocky Brook Project in the Bathurst Mining Camp of northern New Brunswick by acquiring additional claims adjacent to the Caribou Mine and Mill Property. This expansion strengthens Magna Terra’s position as a major landholder in the area, enhancing its exploration potential for high-grade gold and polymetallic mineralization. The acquisition, which incurs no additional cost, aligns with the company’s strategy to increase its exposure to critical and precious metals exploration. The move is expected to benefit stakeholders by potentially increasing the value and optionality of the company’s exploration assets.
More about Magna Terra Minerals Inc
Magna Terra Minerals Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is particularly involved in the acquisition and exploration of gold and base metal projects, with a strategic emphasis on expanding its landholdings in prolific mining camps.
YTD Price Performance: 87.50%
Average Trading Volume: 122,982
Technical Sentiment Signal: Hold
Current Market Cap: C$6.86M
Learn more about MTT stock on TipRanks’ Stock Analysis page.