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Venerable Ventures ( ($TSE:VLV.H) ) has shared an announcement.
Selkirk Copper Mines has completed its acquisition of the Minto copper-gold-silver mine in the Yukon, marking a significant milestone with the Selkirk First Nation as a controlling shareholder. This acquisition, alongside a successful $44.5 million financing, positions the company to proceed with extensive drilling and feasibility studies, aiming for a potential mine restart in early 2027. The company’s shares are set to resume trading under the new ticker symbol ‘SCMI’, although the official name change is pending due to administrative delays.
More about Venerable Ventures
Venerable Ventures Ltd., operating as Selkirk Copper Mines, is involved in the mining industry, focusing on the extraction of copper, gold, and silver. The company is working in partnership with the Selkirk First Nation to ensure environmentally sustainable and responsible mining practices.
Technical Sentiment Signal: Sell
Current Market Cap: C$3.23M
See more insights into VLV.H stock on TipRanks’ Stock Analysis page.