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Western Metallica Resources Corp. ( (TSE:WMS) ) has shared an announcement.
Western Metallica Resources Corp. has entered into a non-binding letter of intent with Emerita Resources Corp. for the potential sale of its Spanish subsidiary, which owns the Nueva Celti Project. The transaction, which involves a cash deposit and share settlement, is contingent upon several conditions, including an extension of exploration permits and regulatory approvals. The deal highlights Western Metallica’s strategic focus on its principal asset, the Penedela gold project, while navigating complex corporate relationships, as Emerita’s CFO is also Western Metallica’s CEO.
More about Western Metallica Resources Corp.
Western Metallica Resources Corp. is an Ontario-registered company based in Toronto, engaged in mineral resource exploration. It is listed on the TSX Venture Exchange under the symbol WMS. The company owns several projects, including the Nueva Celti Copper Property in Andalusia, Spain, and three gold projects in the Navelgas Gold Belt in Asturias, Spain.
Average Trading Volume: 142,951
Technical Sentiment Signal: Sell
Current Market Cap: C$743.1K
See more data about WMS stock on TipRanks’ Stock Analysis page.