Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Tesoro Minerals ( (TSE:TES) ) just unveiled an announcement.
Tesoro Minerals Corp. has provided an update on its planned 100% acquisition of the Rumichacha and Cerro Macho gold exploration properties in Peru, where it has completed a NI 43-101 technical report, confirmed tenure, and begun planning a phased exploration program focused on high-sulphidation, epithermal gold targets. To fund initial fieldwork, geophysical surveys, community engagement, and general corporate purposes, the company has announced a non-brokered private placement of up to $500,000 through the issuance of 6.25 million common shares at $0.08, with closing conditional on TSX Venture Exchange approval of the acquisition, underscoring its strategy to build a portfolio of early-stage but potentially high-impact exploration assets in Peru.
More about Tesoro Minerals
Tesoro Minerals Corp. (TSX-V: TES) is a Vancouver-based junior exploration company focused on discovering and advancing high-quality precious- and base-metal projects in Peru. Leveraging strong in-country expertise, the company targets underexplored but mining-friendly jurisdictions and follows a disciplined, value-accretive approach to project acquisition and exploration.
Average Trading Volume: 43,007
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$2.96M
For an in-depth examination of TES stock, go to TipRanks’ Overview page.