Abacus Mining Completes Acquisition of Willow Porphyry Copper Property

VANCOUVER, British Columbia, June 06, 2024 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or The Company) TSXV:AME has officially announced the completion of its agreement to acquire 100% ownership of the Willow Porphyry Copper Property from Almadex Minerals Ltd. and its wholly-owned subsidiary Almadex America Inc. This strategic move aims to expand Abacus's asset portfolio and marks a significant step in the company's growth in the mining sector.

Strategic Acquisition

The Willow Porphyry Copper Property, previously under the management of Almadex Minerals Ltd., is poised to enhance Abacus's project lineup. Located in a region known for its abundant mineral resources, the property presents potential for exploration and development that can create value for shareholders and contribute to the increasing demand for copper in global markets.

Investment Implications

With this acquisition, Abacus TSXV:AME fortifies its presence in the mining industry, which may have a positive influence on investor confidence. By securing the Willow Porphyry Copper Property, Abacus demonstrates its commitment to expanding operations and its capability to manage significant projects within the minerals and mining sector.

acquisition, mining, copper