Megado Gold Ltd. (AU:MEG) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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.
For further insights into AU:MEG stock, check out TipRanks’ Stock Analysis page.