American Gold & Copper (EVLI) Signs MOU for Up To $12M Rimrock Copper-Gold Project Acquisition in Nevada
Summary
Everlert Inc., now operating as American Gold & Copper Inc., has signed a Memorandum of Understanding (MOU) to acquire the Rimrock Copper-Gold Project in Nevada. The proposed acquisition is valued between $8 million and $12 million, with consideration expected to be primarily in company shares. This move directly follows the company's recent reverse merger and name change, solidifying its strategic pivot into the mining sector. The acquisition is substantial relative to the company's market cap and represents a significant step in building its U.S.-focused portfolio of precious and base metals assets. The company expects to negotiate a definitive acquisition agreement over the next 90 days, subject to due diligence.
At the time of this announcement, EVLI was trading at $0.03 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $21.3M. The 52-week trading range was $0.00 to $0.09. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.