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An update from Plata Latina Minerals ( (TSE:PLA) ) is now available.
Plata Latina Minerals Corporation has announced the acquisition of the Zonia Copper Project from World Copper Ltd., along with a $17 million financing to establish a development-focused copper company named Edge Copper Corporation. This strategic move positions the company to advance the Zonia project, leveraging its location on private and patented lands for a more efficient permitting process, and aligns with the growing U.S. demand for domestic critical minerals. The transaction also results in World Copper shareholders receiving a significant premium on their shares and retaining an interest in World Copper, which will continue focusing on its Chilean copper project.
More about Plata Latina Minerals
Plata Latina Minerals Corporation, soon to be renamed Edge Copper Corporation, operates in the mining industry with a focus on copper development. The company is engaged in acquiring and developing copper projects, with a significant emphasis on the Zonia Copper Project in Arizona, a past-producing open-pit mine.
Average Trading Volume: 45,397
Technical Sentiment Signal: Buy
Current Market Cap: C$10.27M
Find detailed analytics on PLA stock on TipRanks’ Stock Analysis page.