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Cortus Metals, Inc. ( (TSE:MLO) ) has issued an update.
Metalero Mining Corp. has amended its option agreement with Vulcan Resources Corp., allowing Vulcan the exclusive right to purchase Metalero’s interests in the Grayson and Powerline properties in Nevada. The amendment includes a revised payment structure of $125,000 and the issuance of 4 million common shares of Vulcan to Metalero, with Vulcan assuming annual maintenance fees. This strategic move aligns with Metalero’s restructuring efforts and enhances its focus on Nevada gold assets, potentially impacting its market position and stakeholder interests.
More about Cortus Metals, Inc.
Metalero Mining Corp. is a Canadian junior exploration company with offices in Vancouver and Edmonton. It is undergoing restructuring to focus on drill-ready gold assets in Nevada, seeking to sell or option these properties. Part of the Metals Group, the company emphasizes technical excellence and strong corporate governance.
YTD Price Performance: 14.29%
Average Trading Volume: 9,806
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.48M
Find detailed analytics on MLO stock on TipRanks’ Stock Analysis page.
