Fuse Enterprises Signs MOU to Purchase Five Mines in Mexico
[Click image to enlarge]
Fuse Enterprises Inc. has signed a memorandum of understanding (MOU) with Portafolio en Investigacion Ambiental S. A. de C. V. to purchase five mines in Mexico.
Under the terms of the MOU, the company intends to purchase five mines located in the northwest part of Mexico, one in Durango, and the other four in Culiacan (Sinaloa), for a price of US$1,000,000. Fuse Enterprises has the exclusive right to purchase these mines from the seller until September 30, 2018.
The purchase of the five mines in Mexico is subject to the company’s completion of due diligence and the preparation of definitive documentation to effect the transaction that is mutually satisfactory to each party.
“We are pleased to have reached this next stage in our company’s development. This MOU provides us with the opportunity to purchase these five mines in Mexico, which we believe continue to be rich with valuable resources. While our focus remains on mining consulting, we felt this was a good and timely acquisition opportunity at a reasonable price. Given our particular expertise in the mining industry, we are well prepared to take on such projects and will continue working closely with the Seller as we move through the due diligence process,” said Umesh Patel, CEO of Fuse Enterprises.
About Fuse Enterprises Inc.
Fuse Enterprises is a provider of expert management and consultants exclusively to the minerals sector. The work with clients to develop new mines and facilitate the improvement of existing operations, with a primary focus on achieving optimum output and return.
To stop by Fuse’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2018 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
