Pelangio Delays MRE Release Following Strategic New Acquisition of Nkosuo
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Pelangio Exploration Inc. has delayed the release of the Mineral Resource Estimate for its Manfo Project due to a new strategic acquisition agreement with FJ Minerals Limited for the Nkosuo Project.
March 19, 2025 | 10:15 pm
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Pelangio Exploration Inc. has delayed the release of the Mineral Resource Estimate for its Manfo Project due to a new strategic acquisition agreement with FJ Minerals Limited for the Nkosuo Project.
The delay in the MRE release could be seen as a neutral event as it is due to a strategic acquisition, which may be beneficial in the long term. However, the immediate impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100