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MAX RESOURCE CORP (MXROF) is a mineral exploration company focused on acquiring and exploring mineral properties in Canada and Colombia. The company holds interests in various projects, including the Choco Gold Project, North Choco Gold-Copper Project, Gachala Copper Project, and Cesar Copper Silver Project in Colombia. MAX RESOURCE also owns the RT Gold property in Peru. With a history dating back to 1994, the company is headquartered in Vancouver, Canada.
Max Resource Corp. has signed an Earn-In Agreement with Freeport-McMoRan Exploration for the Cesar Copper-Silver Project in Colombia. Freeport has the option to acquire up to 80% ownership by funding C$50 million and making cash payments to Max. Freeport needs to fund C$20 million initially to earn a 51% interest and can increase it to 80% by funding an additional C$30 million over five years. Max will continue to operate the project during the initial stage.
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