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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Metals & Mining Gold
Steppe Gold Ltd is a Mongolia-focused precious metals company. The Company is focused on operating, developing, exploring and acquiring precious metal projects in Mongolia and Peru. Its projects include Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, and Uudam Khundii UK Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation.


TSX:STGO - Post by User

Steppe Gold Ltd
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  • Jack79X
Post by Jack79on Mar 31, 2025 8:56am
113 Views
Post# 36516200

MONGOLIA ABOUT TO NATIONALIZE STRATEGIC DEPOSITS

MONGOLIA ABOUT TO NATIONALIZE STRATEGIC DEPOSITSThe Mongolian parliament on April 19 approved the Sovereign Wealth Fund law, allowing the government to take a 34% stake in strategic mines and capping individual or group ownership at 34%. A Parliament member said the law aims to ensure the public receives the greatest benefits from strategic mineral deposits. Prime Minister Oyun-Erdene, who submitted the bill, argued that it would put an end to the “stealing of strategic mining deposits.” 
https://hntrbrk.com/mongolia-poised-to-nationalize-strategic-mining-deposits-to-fight-corruption/

The reserve fund will be funded by a 34 percent dividend from the state's ownership stake in mining sector companies. Consequently, in cases of joint utilization of strategic deposits and their derivatives with private entities, the state will retain ownership of up to 50 percent without charge.

https://en.mininginsight.mn/index.php?newsid=348

.......

HAH....A While TSX shareholders are debating share prices and other issues, the Mongolian government has decided to acquire a 34% stake in the Boroogiin gold mine. And OZD Asia owned Gatsuurt gold project. HA-HA-HA ....What a play in there
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