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Moon River Capital Ltd. ( (TSE:MOO) ) has issued an update.
Moon River Moly Ltd. has filed an independent NI 43-101 technical report for the preliminary economic assessment of a potential restart of operations at the Endako Mine complex in British Columbia, which is currently on care and maintenance. The report, prepared by A-Z Mining Professionals Ltd. and consistent with the company’s prior disclosure, evaluates the economic viability of bringing the open-pit molybdenum mine, concentrator and roaster back into production, marking a key step in advancing Moon River’s 25% interest in the jointly owned asset alongside Centerra Gold Inc., which has not participated in or endorsed the assessment. The filing underscores Moon River’s strategy of leveraging its interests in large molybdenum assets in British Columbia and could influence future development decisions and the company’s positioning within the North American molybdenum market.
The most recent analyst rating on (TSE:MOO) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Moon River Capital Ltd. stock, see the TSE:MOO Stock Forecast page.
More about Moon River Capital Ltd.
Moon River Moly Ltd. is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects, with a particular emphasis on molybdenum and tungsten. Its flagship Davidson Property near Smithers, British Columbia, hosts a large molybdenum-tungsten deposit, and the company also owns a 25% stake in the Endako Mine Complex in British Columbia, one of North America’s largest molybdenum mines.
Average Trading Volume: 30,724
Technical Sentiment Signal: Buy
Current Market Cap: C$24.17M
See more data about MOO stock on TipRanks’ Stock Analysis page.