Advance United Holdings Unveils Platform to Connect Property Owners of Mineral Commodities, Deposits with Developers, Producers; Slumps 30%
Advance United Holdings Inc. () on Friday unveiled a platform designed to connect property owners of mineral commodities and deposits with developers and producers.
The company's stock slumped 30% on last look on Friday.
Through the platform, the company will onboard properties with underdeveloped, documented resources and reserves that are non-compliant or not current with National Instrument 43-101, and then increase value by applying modern exploration techniques and technology to make the property compliant and available for possible acquisition and development.
The Marketplace Platform caters to owners with properties bearing precious metals such as gold, silver, platinum, and palladium. Base metals such as copper, lead, nickel, and zinc, the company added.