ValOre Metals Consolidates Brazil PGMs District with Strategic Acquisition
ValOre Metals aims to establish a 1,000 sq. km precious metals district in Brazil by acquiring South Atlantic Gold. The deal merges two Pedra Branca projects, enhancing their potential. CEO Jim Paterson emphasized the importance of this consolidation and noted the company’s active involvement in multiple deals.
ValOre Metals, under the leadership of Chairman and CEO Jim Paterson, is on a mission to establish a substantial precious metals district spanning nearly 1,000 square kilometers in Brazil’s Ceará state. On February 14, the firm executed a letter of intent to acquire all common shares of South Atlantic Gold, offering 38.5 million shares valued at approximately $2.7 million (US$1.9 million). This acquisition aims to consolidate two adjacent Pedra Branca projects that share similar geological characteristics, infrastructure, and community relations.
In an interview with The Northern Miner at the recent PDAC event in Toronto, Paterson remarked, “Bringing together these two projects is long overdue.” He further noted the company’s dynamic operations, stating, “I’m juggling four deals right now,” highlighting ValOre’s focus on maximizing the value of platinum-group metals in Brazil.
ValOre Metals is ambitiously working towards creating a significant precious metals district in Ceará, Brazil. Through its acquisition of South Atlantic Gold, the company aims to unify geological assets and enhance operational synergies. Jim Paterson’s comments reflect the active pace at which ValOre is pursuing its strategic goals within the platinum-group metals sector.
Original Source: www.northernminer.com
