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Mirasol Resources ( (TSE:MRZ) ) has shared an announcement.
Mirasol Resources has signed an asset purchase agreement to sell a portfolio of 14 grassroots copper porphyry exploration projects in Mendoza, Argentina, totaling 89,070 hectares, to Mises Metals S.A.S., a wholly owned subsidiary of Argentina Metals Corp. The consideration comprises US$50,000 in cash and 1.3 million Argentina Metals shares issued in three tranches, with a clause that returns the properties to Mirasol, along with half the cash, if Argentina Metals fails to list on a Canadian exchange within a year. The transaction allows Mirasol to monetize and offload non-core Argentine copper assets while retaining upside exposure through an equity stake in Argentina Metals, thereby sharpening its focus on core projects such as the Sobek copper-gold project in Chile and streamlining its regional project portfolio.
The most recent analyst rating on (TSE:MRZ) stock is a Hold with a C$0.84 price target. To see the full list of analyst forecasts on Mirasol Resources stock, see the TSE:MRZ Stock Forecast page.
Spark’s Take on TSE:MRZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:MRZ is a Neutral.
The score is held down primarily by very weak financial performance (no current revenue, persistent losses, significant cash burn, and negative equity with rising debt). Technicals are the main offset, with strong trend strength versus key moving averages, though the overbought RSI/Stoch readings add pullback risk. Valuation remains challenged due to ongoing losses and no dividend support.
To see Spark’s full report on TSE:MRZ stock, click here.
More about Mirasol Resources
Mirasol Resources is a Vancouver-based mineral exploration company focused on Chile and Argentina, with more than 20 years of operating, permitting and community relations experience in these mineral-rich regions. The company is currently self-funding exploration at its flagship Sobek copper-gold project in Chile’s Vicuña Copper-Gold-Silver District, while advancing a pipeline of early and mid-stage exploration assets.
Average Trading Volume: 62,496
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$77.92M
See more data about MRZ stock on TipRanks’ Stock Analysis page.