ValOre Metals is acquiring South Atlantic Gold to consolidate a 1,000 sq. km precious metals district in Ceará, Brazil, facilitating project synergy. CEO Jim Paterson outlines the strategic importance of this acquisition while managing multiple deals to unlock value in platinum-group metals.
ValOre Metals (TSXV: VO) is strategically working to develop a precious metals district in Brazil’s Ceará state, encompassing nearly 1,000 square kilometers. The company’s chairman and CEO, Jim Paterson, revealed plans to purchase South Atlantic Gold, with a deal valued at approximately $2.7 million in exchange for 38.5 million shares.
The acquisition is significant as it merges two adjacent Pedra Branca projects, which share similar geological characteristics, infrastructural benefits, and strong community connections. Paterson emphasized the importance of this merger, stating that uniting these two projects has been overdue.
During the recent PDAC show in Toronto, Paterson highlighted the company’s vigorous pace, mentioning he is currently managing four deals simultaneously. This reflects ValOre’s commitment to unlocking the potential value of platinum-group metals in Brazil. The full interview can be viewed below for more insights into ValOre’s developments.
ValOre Metals is advancing its initiative to consolidate a substantial precious metals district in Brazil while actively pursuing strategic acquisitions. The proposed merger with South Atlantic Gold represents a pivotal step in enhancing project synergies and community engagement. As the company progresses, it aims to maximize the potential of platinum-group metals, illustrating a robust and ambitious growth strategy in the sector.
Original Source: www.northernminer.com
