Welcome to our dedicated page for Jupiter Gold news (Ticker: JUPGF), a resource for investors and traders seeking the latest updates and insights on Jupiter Gold stock.
Jupiter Gold Corporation engages in the exploration and development of gold and precious metals mining opportunities in Brazil. They also explore for palladium, platinum, iron, and manganese ores. The company, founded in 2016, has 100% ownership of eight gold projects totaling 154,000 acres and an active mineral right for iron and manganese with 233 acres.
Jupiter Gold Corporation is pleased to announce robust sales growth and a clear path to profitability in 2024 for its flagship Silver River Quartzite Mine, which began test production in 2023. With Brazil supplying over 35% of global quartzite, Jupiter Gold's quartzite division is strategically positioned to leverage the country's dominance as the world's premier quartzite producer. The Silver River Mine is poised for continuous operations and expanded capacity in 2024 with excellent market demand. The company aims to drive quartzite business growth through boosting sales volume, shifting to higher-margin products, leveraging buying power, and pursuing targeted acquisitions to consolidate the regional quartzite sector.
The quartzite boasts striking visual appeal and significant interest from buyers. The demand has exceeded current inventory, prompting the appointment of a Director of Sales and Marketing for global expansion, especially in the United States.
Jupiter Gold (JUPGF) has announced a merger agreement with Apollo Resources , acquiring its permitted iron ore project in Brazil's Iron Quadrangle region. The flagship asset, the Rio Piracicaba Project, spans 260 hectares with identified resources of 7.85 million tonnes of iron ore averaging 31.53% grade. Metallurgical studies show the ore can be processed to 64.8% grade. The project received a 10-year renewable mining license in May 2024. Apollo Resources shareholders will receive Jupiter Gold shares in exchange for their holdings. The deal includes additional mineral rights for iron ore, rare earths, graphite, and copper.
Jupiter Gold Corporation (OTCQB: JUPGF) has secured operational licensing for its 100%-owned quartzite project in Minas Gerais, Brazil. This milestone allows the company to commence commercial mining operations, anticipated to start in early 2023. The quartzite deposit, discovered in Q3 2020, has an estimated potential of 3.9 million tons. With revenue projections between $1,800 to $2,000 per cubic meter, Jupiter Gold is poised for significant returns with minimal initial costs and workforce requirements.
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