M&A
confidence high
sentiment neutral
materiality 0.60
Magellan Gold to acquire three copper properties from Gold Express Mines for 6 million shares
MAGELLAN COPPER & GOLD Corp
- Purchase price: 5.5M shares for mineral assets and 500K shares for the Cuprum Lease.
- Properties: Copper Cliff (Idaho), Blue Jacket (Idaho), Copper Butte (Arizona).
- Historic Copper Cliff mine produced 12.5M lbs copper; Blue Jacket had high-grade copper samples.
- Closing expected by January 31, 2024, subject to transfer deeds and lease consent.