ValOre Metals to Consolidate Precious Metals District in Brazil Through Acquisition

ValOre Metals aims to create a significant precious metals district in Brazil by acquiring South Atlantic Gold, consolidating two adjacent projects with shared geological and community frameworks. CEO Jim Paterson cites this merger as overdue, as the company actively seeks to unlock platinum-group metals value in the region.

ValOre Metals, under the leadership of Chairman and CEO Jim Paterson, is actively working to consolidate a nearly 1,000 square kilometer district of precious metals in Brazil’s Ceará state. On February 14, the company signed a letter of intent to acquire all common shares of South Atlantic Gold, amounting to an exchange of 38.5 million shares, roughly valued at $2.7 million (or US$1.9 million). This strategic acquisition combines two adjacent Pedra Branca projects that possess similar geological characteristics and community relations.

During the recent PDAC show in Toronto, Mr. Paterson expressed the importance of this merger, stating, “Bringing together these two projects is long overdue.” He also revealed that he is managing multiple deals concurrently, highlighting the company’s dynamic approach to realizing the potential of platinum-group metals in Brazil.

For further insights, viewers can watch the complete interview featuring Mr. Paterson conducted by Henry Lazenby, the western editor for The Northern Miner. It is important to note that joint venture videos like this are part of paid content collaboration with The Northern Miner.

ValOre Metals is poised to enhance its presence in Brazil through the acquisition of South Atlantic Gold, creating a substantial precious metals district. This strategic merger not only aligns two projects with compatible traits but also exemplifies ValOre’s aggressive growth strategy in the platinum-group metals sector. CEO Jim Paterson’s active engagement in multiple ventures indicates a robust outlook for the company’s future endeavors.

Original Source: www.northernminer.com