Jupiter Gold Corp - Mining Stock Analysis & Updates

Jupiter Gold Acquires Licensed Iron Ore Mine and Expands its Mineral Portfolio

Jupiter Gold Corporation has announced it will merge with Apollo Resources Corporation, a private mineral exploration company with a permitted iron ore project in Brazil's Iron Quadrangle region. The merger was approved by both companies' boards of directors and will see Jupiter Gold as the surviving entity. Shareholders of Apollo Resources will receive Jupiter Gold shares in exchange for their holdings. Apollo Resources' key asset is its Rio Piracicaba Project, which has identified over 7 million tonnes of iron ore as indicated and inferred resources with an average iron grade of 31.53%.