Mogotes Metals gets $15M strategic investment from Rio Tinto
Seeking Alpha ·
Mogotes Metals ( MOG:CA ) says Rio Tinto ( RIO ) is to invest about $15M, taking an initial ~5% stake. Cos plan strategic and technical alliance focused initially on the Filo Sur copper-gold project in Argentina and Chile. Placement proceeds to fund work at Filo Sur. Mogotes Metals: Possibly The Next Major Deposit In The Vicuna District Financial information for Mogotes Metals Inc.
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RIO TINTO is investing $150 million in MOGUATES METALS. This investment is expected to increase interest in the semiconductor and electric vehicle sectors. Investors expect to create new business opportunities through MOGUATES METALS' technology and RIO TINTO's resource acquisition.
상승 영향
- Semiconductors — RIO TINTO's investment is expected to increase interest in the semiconductor sector.
- Electric Vehicles — RIO TINTO's investment is expected to increase interest in the electric vehicle sector.
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Bullish (Long) 37% · Bearish (Short) 63%
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