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Talisman Metals acquires third copper project in Morocco
Newly transitioned biotechnology-to-mining company Talisman Metals has signed an agreement to acquire the Tirzzit copper project, in Morocco. The company is acquiring the asset through its wholly-owned subsidiary Horizons Mines from a wholly-owned subsidiary of TSX-listed Aya Silver & Gold, with Aya also being a 4.7% shareholder in Talisman.To complete the transaction, Talisman will pay Aya’s subsidiary about £16 000. Concurrently, Talisman has agreed to enter into a binding agreement pursuant to which it will assign a noncore licence within the region of Boumadine, Morocco, to Aya’s subsidiary.The Tirzzit ... (full story)