Azure takes back ownership of Alacrán

ASX-listed Azure Minerals has regained full ownership of the Alacrán silver/gold project, in Mexico, from diversified miner Teck Resources.

Azure at the end of 2014 inked an agreement with Tech to acquire ownership of Alacrán by sole-funding $5-million of exploration over a four-year period, with Tech retaining a back-in right that could be exercised within two months of Azure reaching the earn-in milestone.