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Mundoro Capital ( (TSE:MUN) ) has provided an update.
Mundoro Capital Inc. has reported its Q3-2025 financial results and provided updates on its exploration activities. The company has entered a significant option agreement with BHP for exploration licenses in Serbia, allowing BHP to earn full ownership by funding exploration over ten years, with Mundoro retaining a royalty interest. Additionally, Mundoro is advancing its projects in Arizona, focusing on commercialization and generative programs. Financially, the company raised over C$1.5 million through a private placement and reported a cash position of over $4 million as of September 2025. The company’s exploration expenditures decreased compared to the previous year, with a focus on generating new opportunities and partnerships.
More about Mundoro Capital
Mundoro Capital Inc. operates in the mining and exploration industry, focusing on the development and exploration of mineral properties. The company partners with major entities like BHP Billiton and the Japan Organization for Metals and Energy Security to explore and develop projects, particularly in regions like the Timok Magmatic Complex in Serbia and the Laramide belt in Arizona.
YTD Price Performance: 37.14%
Average Trading Volume: 38,171
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$25.24M
For an in-depth examination of MUN stock, go to TipRanks’ Overview page.