DiscovEx Resources Limited (AU:DCX) has released an update.
DiscovEx Resources Limited (DCX) is set to significantly expand its mining portfolio with the strategic acquisition of Latitude 66 Cobalt Limited, which boasts promising gold and cobalt assets in Finland. The deal includes the high-grade Kuusamo Schist Belt Project with substantial gold and cobalt resources, indicating potent project economics and a strategic position in Europe’s critical minerals market. Further, the merger is expected to fuel growth and diversification strategies beneficial to shareholders, with a planned fundraising of up to $4 million and a company name change to Latitude 66 Limited pending shareholder approval.
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