Megado Gold Ltd. (AU:MEG) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.