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Venerable Ventures ( ($TSE:VLV.H) ) has issued an update.
Selkirk Copper Mines has announced the resumption of trading on the TSX Venture Exchange under the ticker symbol ‘SCMI’ following a reverse take-over transaction and acquisition of the Minto copper-gold-silver mine. The company is advancing a restart plan for the mine in collaboration with the Selkirk First Nation, focusing on drilling, feasibility studies, and updated mine plans with a potential restart decision expected by early 2027. This development positions Selkirk Copper as a key player in the mining sector, leveraging its partnership with the Selkirk First Nation to enhance its market presence and operational capabilities.
More about Venerable Ventures
Selkirk Copper Mines, operating under Venerable Ventures Ltd., is a newly formed, well-financed company focused on the mining industry. The company specializes in copper, gold, and silver mining, with a significant emphasis on environmentally sustainable practices. It controls extensive mineral claims and infrastructure in the Minto-Carmacks copper belt, working in partnership with the Selkirk First Nation, which holds a controlling equity stake.
Technical Sentiment Signal: Sell
Current Market Cap: C$3.23M
See more insights into VLV.H stock on TipRanks’ Stock Analysis page.