Ero Copper Signs Agreement with Vale Subsidiary for 60% Stake in Furnas Copper Project
Portfolio Pulse from Benzinga Newsdesk
Ero Copper Corp. (NYSE:ERO) has signed a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited, to acquire a 60% interest in the Furnas Copper Project in Brazil.
July 22, 2024 | 11:05 am
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Ero Copper Corp. has signed a definitive agreement to acquire a 60% interest in the Furnas Copper Project, which could enhance its copper production capabilities.
The acquisition of a 60% stake in the Furnas Copper Project is likely to enhance Ero Copper's production capabilities and resource base, which is positive for the company's growth prospects.
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