01:41 PM EDT, 08/08/2024 (MT Newswires) -- Auxico Resources Canada ( AUXIF ). (AUAG.CN) on Thursday said it is changing its corporate strategy, prioritizing the development of projects in Colombia and Bolivia.

The company said with the new focus it will no longer allocate any further capital to the Massangana Project in Brazil.

Also, the sales agency agreement with Central America Nickel, exclusive trading rights for rare earth concentrates exported from the Democratic Republic of Congo, expired on March 30 and Auxico will no longer operate or invest in any of its projects in that African country as well.