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Tincorp Metals ( (TSE:TIN) ) just unveiled an update.
Tincorp Metals Inc. has entered into an agreement to sell its subsidiary, Whitehorse Gold, which holds the Skukum Gold Project in Yukon, Canada, to Blue Jay Gold Corp. This transaction allows Tincorp to concentrate on its Bolivian projects while retaining potential benefits from the Skukum Project through a prospective equity interest in Blue Jay. The acquisition is seen as a strategic move for Blue Jay, aligning with their exploration philosophy and enhancing their portfolio with a high-potential asset. The transaction is expected to close in the third quarter of 2025, subject to certain conditions, and includes financial arrangements and responsibilities for site reclamation.
More about Tincorp Metals
Tincorp Metals Inc. operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in projects in Bolivia and is now shifting its focus towards these projects by divesting its interests in other regions.
Average Trading Volume: 9,262
Technical Sentiment Signal: Sell
For a thorough assessment of TIN stock, go to TipRanks’ Stock Analysis page.