Megado Gold Ltd. (AU:MEG) has released an update.
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Megado Minerals Limited has announced an exploration agreement with Iluka’s subsidiary for the North Fork Rare Earth Project in Idaho. The agreement comprises three payment tranches, beginning with an initial A$500,000 for a two-year exploration right, potentially leading to a full purchase and subsequent revenue-based payments. This strategic move could significantly bolster Megado’s financial standing if the project yields profitable resources.
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