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Zodiac Gold Inc ( (TSE:ZAU) ) has shared an announcement.
Zodiac Gold Inc. has announced a strategic partnership with Vitol to finance and market iron ore from its Bomi South and Bong West exploration licenses in Liberia. This agreement will provide Zodiac with essential working capital and a global offtake solution, allowing the company to accelerate exploration and advance towards production. The partnership is expected to enhance Zodiac’s operational capabilities and market positioning, leveraging Vitol’s international network and expertise in commodities trading. The marketing agreement includes a competitive prepayment structure and ESG commitments, ensuring adherence to international standards.
More about Zodiac Gold Inc
Zodiac Gold Inc. is a West-African gold exploration company focused on its flagship Todi Project in Liberia, a mining-friendly jurisdiction with large-scale gold and iron ore deposits. The company is developing a district-scale gold opportunity along the Todi Shear Zone, with additional iron ore potential, covering a 2,316 km2 land package.
Average Trading Volume: 105,731
Technical Sentiment Signal: Strong Buy
For a thorough assessment of ZAU stock, go to TipRanks’ Stock Analysis page.