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Miata Metals Corp. finalizes acquisition of 79North Inc. to expand gold exploration portfolio in Suriname

Oct 17, 2024•about 1 year ago

Acquiring Company

Miata Metals

Acquired Company

79North

VancouverTorontoMining TechnologyMineralPrecious MetalsMining

Description

Miata Metals Corp. successfully completed the acquisition of 79North Inc., gaining a 70% interest in the Sela Creek Gold Project and the Nassau Gold Project in Suriname. This acquisition strategically positions Miata as a multi-asset explorer in Suriname, significantly broadening its asset portfolio and enhancing its potential in the emerging and prolific gold belt.

Company Information

Company

Miata Metals

Location

Vancouver, British Columbia, Canada

About

Miata Metals Corp. (CSE: MMET). is a Canadian mineral exploration company listed on the Canadian Securities Exchange. The Company is focused on the acquisition, exploration, and development of mineral properties. The Company holds a 70% interest in the ~215km2 Sela Creek Gold Project in Suriname, with an option to earn 100%, and a 70% earned interest in the ~200km2 Nassau Gold Project in Suriname. It also holds an option to earn a 100% interest in the Cabin Lake Property in the Omineca Mining Division, British Columbia. The Company continuously evaluates opportunities to acquire interest in additional prospective exploration stage mineral properties.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed