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Midas Minerals Limited ( (AU:MM1) ) just unveiled an announcement.
Midas Minerals Limited has achieved a significant milestone in its acquisition of the Otavi Copper Project in Namibia, with the transfer of project licenses to Otjitombo Mining, a key step in the acquisition process. The company is awaiting approval from the Namibian Competition Commission to complete the acquisition, after which it plans to commence drilling in Q4 2025. This acquisition is expected to enhance Midas’ exploration capabilities and strengthen its position in the copper and precious metals industry, potentially benefiting stakeholders through future discoveries and project developments.
More about Midas Minerals Limited
Midas Minerals Limited is a junior mineral exploration company primarily focused on copper and precious metals. The company has a strong track record of delivering value through mineral discoveries and mine development, transforming microcap explorers into successful ASX100-ASX300 companies. Midas holds projects in Western Australia, including the Newington and Challa Projects, as well as lithium projects in Canada. Additionally, Midas is acquiring the Otavi Project in Namibia and has an option to earn an interest in the South Otavi Project.
Average Trading Volume: 244,101
Technical Sentiment Signal: Buy
Current Market Cap: A$52.81M
Find detailed analytics on MM1 stock on TipRanks’ Stock Analysis page.