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SQX Resources Limited ( (AU:SQX) ) has issued an update.
SQX Resources completed the acquisition of 80% of AM6 Pty Ltd during the March quarter, securing ownership stakes in the Red Bird and Williams gold-silver projects in the U.S. The deal, structured with shares, cash and milestone-based performance rights, aligns vendor rewards with exploration success and strengthens SQX’s North American growth platform.
At Red Bird, SQX rapidly advanced from permitting to execution, gaining BLM approval and completing a 2,500-metre maiden RC drilling program that delivered wide, high-grade near-surface gold intercepts, supported by spectacular underground channel sampling. The company also more than doubled its claim position at Williams and reinforced its board with new executive appointments, underscoring an intensified exploration push and potential uplift in the company’s resource base and regional footprint.
More about SQX Resources Limited
SQX Resources Limited is an ASX-listed mineral exploration company focused on gold and silver projects, with a growing portfolio in the United States. Through its 80% interest in AM6 Pty Ltd, the company holds the Red Bird Gold Project in Arizona and the Williams Gold-Silver Project in Montana, where it is applying modern exploration techniques to historically high-grade systems.
Average Trading Volume: 515,464
Technical Sentiment Signal: Sell
Current Market Cap: A$7.48M
Find detailed analytics on SQX stock on TipRanks’ Stock Analysis page.