Unveiling the Next Big Move: Mako Mining Set to Expand Operations in the Americas with Acquisition of Moss Mine in Arizona
Description:
VANCOUVER, BC / ACCESSWIRE / December 31, 2024 / Mako Mining Corp. (“Mako”) (TSXV:MKO)(OTCQX:MAKOF) is pleased to announce the entering into of a non-binding letter of intent to acquire 100% of the issued and outstanding common shares of EG Acquisition LLC (“EGA”), a recently created private corporation controlled by Mako’s controlling shareholder, Wexford Capital LP (“Wexford”), established solely to acquire the Moss gold mine located in the historic Oatman District in Arizona (the “Proposed Transaction”). It is anticipated that EGA will complete the acquisition of the Moss gold mine on December 31st, 2024 through its acquisition of 100% of the common shares of Golden Vertex Corp. (“GVC”) which holds direct ownership of the Moss gold mine.
In a strategic move to expand its operations, Mako Mining Corp. has set its sights on acquiring the Moss gold mine located in Arizona. This acquisition marks a significant step for the company as it looks to strengthen its presence in the Americas.
The Moss gold mine, situated in the historic Oatman District, holds immense potential for Mako Mining Corp. With the backing of Wexford Capital LP, Mako aims to leverage the resources and expertise at its disposal to maximize the productivity and profitability of the Moss mine.
How This Will Affect Me:
As an investor, the acquisition of the Moss gold mine by Mako Mining Corp. presents an exciting opportunity for potential growth and returns. With a strong foothold in the mining industry, Mako’s strategic expansion into the Americas could yield promising results for shareholders.
How This Will Affect the World:
The acquisition of the Moss gold mine by Mako Mining Corp. signifies a significant development in the mining sector. This move not only signals the company’s commitment to growth and innovation but also showcases the potential for increased economic activity and job creation in the region.
Conclusion:
Overall, Mako Mining Corp.’s acquisition of the Moss gold mine in Arizona marks a pivotal moment in the company’s journey towards expansion and development. With this strategic move, Mako is poised to make a lasting impact on the mining industry in the Americas and beyond.
