Majestic Gold (TSE:MJS) has released an update.
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Majestic Gold Corp. has announced a letter of intent to acquire a 70% stake in a gold mining and processing company in China, which could significantly strengthen its market position in the Shandong Province. The acquisition is part of Majestic’s strategy to expand its mining assets and increase gold production capacity. The deal is subject to due diligence and negotiation of final terms.
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