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Mundoro Capital ( (TSE:MUN) ) has shared an announcement.
Mundoro Capital has entered into a definitive option agreement with BHP Group, allowing BHP to earn a 100% interest in seven of Mundoro’s exploration licenses in Serbia’s Timok Magmatic Complex by funding $35 million in exploration expenditures over ten years. This partnership combines Mundoro’s local expertise with BHP’s global exploration capabilities, aiming to enhance exploration efforts and potentially drive economic development in eastern Serbia.
More about Mundoro Capital
Mundoro Capital Inc. operates in the mining industry, focusing on exploration and development of mineral properties. The company is involved in identifying and acquiring mineral resources, with a particular emphasis on copper and gold exploration in the Timok Magmatic Complex in Serbia.
Average Trading Volume: 40,542
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$25.24M
See more data about MUN stock on TipRanks’ Stock Analysis page.