- Rome Resources (TSXV:RMR) has increased its interest in its exploration permit PR 15130 from 25 per cent to 51 per cent
- The company initially acquired a 25 per cent interest in the permit in February 2023
- It has increased its exploration permit by funding an additional C$1.75 million and by issuing 6 million of its shares
- Shares of Rome Resources are unchanged at $0.20
Rome Resources (TSXV:RMR) has announced it has increased its exploration permit PR 15130 from 25 per cent to 51 per cent.
In a news release, the company said it has exercised the second option under its agreement with CoTinCo Mineral Projects International, which was originally entered into in August 2022 and amended in June 2023.
The company said the permit increase has come as a result of it funding an additional C$1.75 million and issuing 6 million of its shares.
With its headquarters out of Vancouver, B.C., Rome Resources is a mineral exploration company that holds indirect interests in two properties – PR 15130 and PR 13274, both of which are in the eastern Democratic Republic of the Congo.
Collectively referred to as the Bisie North Tin Project, the properties are within eight kilometres of Alphamin Resources’ Mpama North tin mine, the world’s highest-grade tin mine with an average grade of 4.5 per cent.
Shares of Rome Resources are unchanged at $0.20.
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