AEX Gold finds partner for strategic minerals prospects

Greenland-focused AEX Gold Inc (LON: AEXG) has signed non-binding terms for the creation of a joint venture with ACAM that will hold the group’s strategic mineral assets. The AEX Gold share price rose 1.5p to 45.5p.

ACAM will invest £18m for a 49% stake and AEX Gold will inject the non-gold assets and cover site support, logistics and overhead costs relating to the group’s infrastructure in southern Greenland. The investment has already been made in this infrastructure for the gold projects....

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