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An announcement from Resouro Gold Inc. ( (TSE:RSM) ) is now available.
Resouro Strategic Metals Inc. has signed a non-binding Memorandum of Understanding with Rare Earth Technologies Inc. to collaborate on rare earth element extraction and processing for Resouro’s Tiros Titanium and Rare Earths Project in Brazil. This partnership aims to test and potentially implement RETI’s proprietary extraction technology, which could enhance Resouro’s capabilities and position it as a secure supplier of rare earths to global markets. The collaboration will proceed through a phased approach, potentially leading to the construction of full-scale processing facilities if initial tests and feasibility studies prove successful.
More about Resouro Gold Inc.
Resouro Strategic Metals Inc. is a Canadian mineral exploration and development company listed on ASX, TSXV, OTC, and FSE. The company focuses on discovering and advancing economic mineral projects in Brazil, including the Tiros Titanium-Rare Earths Project and the Novo Mundo Gold Project. The Tiros project, located in Minas Gerais, Brazil, encompasses 28 mineral concessions over 497 km² and boasts significant titanium dioxide and rare earth oxides resources.
Average Trading Volume: 137,757
Technical Sentiment Signal: Hold
Current Market Cap: C$19.56M
See more data about RSM stock on TipRanks’ Stock Analysis page.