Midas Minerals Limited announced a significant acquisition of the Otavi Copper Project in Namibia from Nexa Resources, marking a transformative step for the company. This acquisition includes exclusive prospecting licenses over a 1,776 square kilometer area with high-grade copper, silver, and gold deposits. The company plans to initiate resource definition and regional exploration drilling to capitalize on the project’s potential. Additionally, Midas secured a $6.5 million placement to fund the acquisition and exploration, and appointed new members to its board and management team, positioning itself for growth in the mining sector.
Midas Minerals Limited is a company involved in the exploration and development of gold, base metal, and lithium projects. The company is focused on expanding its portfolio through strategic acquisitions and exploration activities, with a market focus on high-grade mineral deposits.