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PPX Mining ( (TSE:PPX) ) just unveiled an announcement.
PPX Mining Corp. has successfully closed a strategic investment and precious metals concentrate offtake agreement with Glencore, marking a significant milestone for the Igor Project in Peru. This transaction provides PPX with financial strength and technical support from Glencore, enabling the company to advance its project towards production and explore further sulfide targets. The investment includes a cornerstone equity investment and a long-term offtake agreement, with Glencore acquiring a 9.99% stake in PPX. The funds will primarily be used for exploration and development of the Igor Project, aligning with PPX’s growth objectives.
More about PPX Mining
PPX Mining Corp. operates in the mining industry, focusing on the exploration and development of precious metals projects. The company’s primary market focus is the Igor Project located in La Libertad, Peru, where it aims to advance its mining operations.
Average Trading Volume: 343,554
Technical Sentiment Signal: Buy
Current Market Cap: C$223.4M
For an in-depth examination of PPX stock, go to TipRanks’ Overview page.