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Ragusa Minerals Ltd ( (AU:RAS) ) has shared an announcement.
Ragusa Minerals has executed a binding agreement to acquire approximately 60% of Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona, while expanding the project’s landholding by staking an additional 201 claims to a total of about 4,142 acres that capture key historic manganese and gold workings across a 9km trend. Backed by a $600,000 private placement, the company is preparing an extensive work program including data review, drilling, metallurgical testing, environmental baseline studies and strategic engagement with U.S. government and industry stakeholders, aiming to position Purple Pansy as a cornerstone U.S. manganese and gold asset at a time when the United States is fully import-reliant on manganese and actively supporting domestic critical minerals development.
The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.
More about Ragusa Minerals Ltd
Ragusa Minerals Limited (ASX: RAS) is an Australian-based mineral exploration company focused on developing strategic mineral assets, with a current emphasis on manganese and gold. The company is expanding its presence in the United States through an agreement to acquire a controlling interest in Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona, targeting critical minerals within a mining-friendly jurisdiction and aligned with U.S. energy and defence sector requirements.
Average Trading Volume: 334,370
Technical Sentiment Signal: Buy
Current Market Cap: A$5.7M
For detailed information about RAS stock, go to TipRanks’ Stock Analysis page.