Ascendant Resources Secures Court Approval for Arrangement with Cerrado Gold

Ascendant Resources Inc. has announced the receipt of a final court order from the Ontario Superior Court of Justice, approving its plan of arrangement with Cerrado Gold Inc. This approval marks a pivotal step for Ascendant in its strategic alignment with Cerrado Gold.

The completion of the arrangement, anticipated around May 16, 2025, hinges on customary closing conditions. This development follows prior announcements made on February 3, 2025, and is a significant milestone for the Toronto-based mining firm.

Ascendant continues to focus on the Lagoa Salgada VMS project in Portugal, a major polymetallic venture promising robust exploration potential. The project's strategic location near Lisbon and existing infrastructure highlights its economic viability.