Timberline Resources (TLRS) has released an update.
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Timberline Resources Corporation’s stockholders have overwhelmingly approved a merger with fellow mining company McEwen Mining Inc., with the transaction expected to close shortly. This strategic move consolidates Timberline’s significant mineral rights in Nevada with McEwen’s diversified gold and silver production operations across the Americas. In anticipation of the merger, McEwen has been providing Timberline with interim financing to support its working capital and corporate expenses.
For further insights into TLRS stock, check out TipRanks’ Stock Analysis page.
