McEwen Mining Inc. announced on January 29, 2025, an agreement to make a strategic investment in Goliath Resources Limited. This investment will result in McEwen Mining acquiring a 3.8% stake in Goliath Resources.
The strategic investment amounts to C$10 million, which McEwen Mining will pay in its own common shares. Goliath Resources is an exploration-stage company focused on precious metals projects in the Golden Triangle of British Columbia.
This move highlights McEwen Mining's strategy to expand its exposure to promising exploration assets and potentially leverage future discoveries. The investment is expected to strengthen Goliath's financial position to advance its exploration programs.
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