Max Resource Corp. is pleased to announce that, further to its news releases of May 16, June 17 and August 6, 2024, it has entered into a definitive mineral right purchase agreement with its wholly-owned Brazilian subsidiary, Max Resource Brazil Ltda. ,
Jaguar Mining Inc. and Jaguar's wholly-owned Brazilian subsidiary, Mineração Serras Do Oeste Limitada , to acquire a 100% interest in Mineral Right n° 832.022/2018, which represents the Florália DSO Iron Ore Project located 120-km east of the city Belo Horizonte, State of Minas Gerais, Brazil . Pursuant to the APA, Max will make the following remaining cash payments in consideration for the acquisition of the Florália DSO Project: US$200,000 within five business days following the effective date of the APA; US$300,...