Welcome to our dedicated page for Max Resource news (Ticker: MXROF), a resource for investors and traders seeking the latest updates and insights on Max Resource stock.
Max Resource Corp. (MXROF) maintains this dedicated news hub for stakeholders tracking its mineral exploration activities across copper-silver and iron ore projects in Colombia, Brazil, and Canada. Our curated collection provides immediate access to official announcements, technical updates, and strategic developments.
Investors and industry observers will find comprehensive coverage of operational milestones including geophysical survey results, partnership agreements, and resource estimation reports. The archive features verified information on key initiatives such as the Cesar copper-silver basin exploration and Florália iron ore asset development.
All content undergoes strict verification to ensure alignment with mining disclosure standards. Regular updates include:
• Project-specific technical advancements
• Strategic partnership announcements
• Exploration program timelines
• Corporate governance updates
Bookmark this page for direct access to MXROF's latest developments in mineral exploration. Combine these primary sources with our analysis tools for informed decision-making in the mining sector.
Max Resource has secured TSX Venture Exchange approval for its earn-in transaction with Freeport-McMoRan Exploration , effective May 29, 2024. This agreement allows Freeport to acquire up to an 80% interest in Max's Cesar Project in Colombia through a two-stage option. In the first stage, Freeport will fund C$20 million in exploration over five years and make staged cash payments of C$0.8 million to Max, resulting in a 51% ownership. In the second stage, Freeport can increase its stake to 80% by funding an additional C$30 million in exploration and making further staged cash payments of C$0.75 million. Max will operate Cesar during the initial stage. Additionally, Max ended its Cooperation Agreement with Endeavor Silver, which retains a 0.5% net smelter return royalty on Cesar.
Max Resource has announced its agreement to purchase the Florália hematite iron ore property in Brazil, completing due diligence as per a Letter of Intent with Jaguar Mining. The property, located 120 km east of Belo Horizonte, contains four iron ore bodies with an estimated geological target of up to 12.18 million tonnes at an average grade of 58% Fe. The transaction involves staged cash payments totaling USD $900,000, subject to TSX Venture Exchange approval. The acquisition aims to enhance shareholder value, with exploration already initiated to define drill targets.
Max Resource Corp. has signed an Earn-In Agreement with Freeport-McMoRan Exploration for the Cesar Copper-Silver Project in Colombia. Freeport has the option to acquire up to 80% ownership by funding C$50 million and making cash payments to Max. Freeport needs to fund C$20 million initially to earn a 51% interest and can increase it to 80% by funding an additional C$30 million over five years. Max will continue to operate the project during the initial stage.
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