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PolarX Ltd ( (AU:PXX) ) has issued an announcement.
PolarX Limited announced a joint venture agreement with Northern Star Resources Ltd, allowing Northern Star to earn up to a 70% interest in PolarX’s Alaska Range Project by investing up to US$39 million. This partnership aims to accelerate exploration and resource expansion, leveraging Northern Star’s expertise as a major gold producer. The agreement is contingent on PolarX shareholder approval, expected in October 2025, and will facilitate up to five years of exploration and pre-feasibility activities. The collaboration is expected to enhance PolarX’s industry positioning by expanding its resource base and assessing the regional potential of the Alaska Range Project.
More about PolarX Ltd
PolarX Limited operates in the mining industry, focusing on the exploration and development of copper and gold resources. The company is engaged in projects such as the Alaska Range Project and the Humboldt Range Gold Project in Nevada, USA, with a market focus on expanding its high-grade resource base.
Average Trading Volume: 6,631,292
Technical Sentiment Signal: Buy
Current Market Cap: A$42.76M
For an in-depth examination of PXX stock, go to TipRanks’ Overview page.