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South Atlantic Gold ( (TSE:SAO) ) has issued an update.
ValOre Metals Corp. has announced its intent to acquire South Atlantic Gold Inc., aiming to create a vast 99,924-hectare precious metals district in Ceara State, Brazil. This strategic acquisition is designed to leverage the synergies between ValOre’s and South Atlantic’s projects, both named Pedra Branca, which are closely aligned in terms of geology and infrastructure. The merger is expected to unlock significant value for shareholders and positively impact local communities, with ValOre’s access to capital and experienced team poised to advance the development of this promising region.
More about South Atlantic Gold
YTD Price Performance: -50.0%
Average Trading Volume: 454,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.93M
Learn more about SAO stock on TipRanks’ Stock Analysis page.