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SQX Resources Limited ( (AU:SQX) ) just unveiled an announcement.
SQX Resources Limited has completed the acquisition of 80% of AM6 Pty Ltd, securing majority ownership of the high-grade Williams gold-silver project in Montana and the Red Bird gold project in Arizona, following shareholder approval, due diligence and regulatory consents. The deal, paid through a mix of shares, cash and milestone-based performance rights tied to drilling and resource definition outcomes, marks a strategic shift that deepens SQX’s exposure to North American precious metals and aligns incentives to deliver exploration success, while the appointment of experienced economic geologist Dr Julian Stephens as Executive Director is expected to strengthen the company’s technical, operational and investor-engagement capabilities as it advances these projects.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
More about SQX Resources Limited
SQX Resources Limited is an Australia-listed exploration company focused on high-grade precious metals, with a growing portfolio of gold and gold-silver projects. The company is expanding its footprint into North America, targeting vein-hosted systems in mining-friendly jurisdictions such as Montana and Arizona, and positioning itself to capitalise on strong investor interest in high-grade gold and silver discoveries.
Average Trading Volume: 390,523
Technical Sentiment Signal: Buy
Current Market Cap: A$7.18M
For detailed information about SQX stock, go to TipRanks’ Stock Analysis page.