• Published 10 months ago

Gold Rim Exploration Inc. announce acquisition of Zimbabwean mine

Gold Rim Exploration Inc. is proud to announce the successful acquisition of a 49% stake in the gold mine located near Bulawayo, Zimbabwe. This acquisition, for an undisclosed amount, marks a significant milestone in the company’s expansion into the African mining sector.

This strategic investment aligns with Gold Rim Exploration Inc.'s vision of global diversification and responsible mining. The company's stake in the mine represents a commitment to not only expand its resource base but also to contribute positively to the economic development of the local community in Zimbabwe.

"We are thrilled to finalize this acquisition," said Mr. Devon Bissette, CFO of Gold Rim Exploration Inc. "This is a pivotal moment for our company as we extend our reach into one of the most mineral-rich countries in the world. Our investment in Zimbabwe underscores our confidence in the potential of the Bulawayo mine and our commitment to sustainable and responsible mining practices."

The acquisition comes after a period of detailed due diligence and negotiations, ensuring that the deal aligns with the long-term interests of both Gold Rim Exploration Inc. and the stakeholders of the Bulawayo mine. The company plans to implement a series of operational enhancements aimed at increasing the mine’s productivity and environmental sustainability.

Gold Rim Exploration Inc. has pledged to work closely with local communities and authorities, emphasizing its commitment to environmental stewardship, community engagement, and ethical business practices. The company's investment is expected to provide a significant boost to local employment and contribute to the economic growth of the region.

"We look forward to a fruitful partnership with the local community and authorities in Zimbabwe. Our goal is to ensure that this venture not only benefits our shareholders but also brings substantial economic and social benefits to the local community," added Mr. Bissette.

Gold Rim Exploration Inc.'s acquisition in Zimbabwe is a testament to its strategic growth and its commitment to becoming a leader in the global precious metals mining industry.