Allied gold announces strategic partnership with uae-based ambrosia investment holding and related transactions

Toronto , feb. 25, 2025 /prnewswire/ - allied gold corporation (tsx: aauc) (otcqx: aaucf) ("allied" or the "company") is pleased to announce a strategic partnership (the "partnership" or the "transaction") with ambrosia investment holding ("ambrosia"), a united arab emirates-based investment fund, marking a significant move to realizing immediate value from its sadiola mine in mali, while significantly bolstering the company's financial strength and adding an influential partner endorsing allied's strong growth trajectory. the partnership will leverage the regional, national, and continental understanding and influence of ambrosia, through the united arab emirates in africa, which will build on allied's similar competencies, along with allied's technical and operational expertise, strong public markets knowledge, financial capacity, and strategic capital allocation capabilities to accelerate the company's growth initiatives, optimize operations, pursue strategic options, and enhance shareholder value.
GOLD Ratings Summary
GOLD Quant Ranking