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Mx2 Mining Closes C$16 Million Private Placement and Signs Acquisition Term Sheets

Nov 20, 2024•over 1 year ago

Contract Type

partnership

TorontoMiningMineral

Description

Mx2 Mining Inc. has successfully closed a C$16 million private placement, with the net proceeds to be used for exploration and development activities on the Amizmiz and Tijirit properties, working capital, and general corporate purposes. Additionally, the company has also announced the signing of non-binding term sheets for the acquisition of the Amizmiz Gold Project in Morocco and an option to acquire the Tijirit Gold Project in Mauritania.

Company Information

Company

Mx2 Mining

Location

Toronto, Ontario, Canada

About

Mx2 Mining is a gold exploration company focused on the North Africa and Gulf regions. The Mx2 executive team includes key personnel responsible for the success of several African precious metals companies, including Red Back Mining, Aya Gold & Silver, Orca Gold and Montage Gold. Mx2’s assets will include the high-grade Amizmiz Gold Project in the Kingdom of Morocco, and the company has an option to acquire a 75% interest in the Tijirit Gold Project in Mauritania.

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