How High Can Arc Minerals (ARCM.L) Shares Surge Amid Big Deal With Sturec ?

Arc Minerals shares have been showing positive dynamics throughout the year. Starting in January, the shares began to grow rapidly. The share price for January was 6.3000 GBP. The following month, the shares reached 6.8000 GBP. And in March, they also increased and amounted to 7,5500 GBP. From April to May, the shares fell to 5,6000 GBP. As of today, the share price is 40000 GBP.Arc Minerals signed an option agreement worth 8 million U.S. dollars to sell its Sturec gold project in Slovakia to MetalsTech Limited in an attempt to exit the gold interest. You will receive a non-refundable option fee of AU$30,000. Once MetalsTech exercises the option, you will receive a total of AU$750,000 in cash and royalties capped at 7 million ounces of gold.

MetalsTech will pay Arc additional royalties of AUD 2 per ounce of gold. Arc said it will use the proceeds from the sale for exploration and development activities in Zambia and for general working capital purposes. Last week, Arc also revealed that it plans to sell its entire 99.43% stake in Casa Mining Limited in the Democratic Republic of Congo to Century Capital Management Ltd, a Canadian private equity group, for a total consideration of up to US$9.8 million.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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