Megado Gold Ltd. (AU:MEG) has released an update.
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Megado Minerals Limited has completed a strategic review and plans to focus on its Cyclone Project, targeting gold opportunities near the Aquilon Gold Project in Quebec, Canada. The company is also pursuing new critical mineral projects in areas with cost-effective operations and year-round access. This strategic shift comes amid challenging market conditions for lithium and rare earths, aiming to capitalize on prevailing gold and lithium prices.
For further insights into AU:MEG stock, check out TipRanks’ Stock Analysis page.