03:44 PM EDT, 08/05/2025 (MT Newswires) -- Bocana Resources (BOCA.V) shares were high on Tuesday after the company announced it is acquiring mining claims from LP Associates in Arizona.

The company said it entered into a letter of intent on July 24th, 2025, for the proposed acquisition of 100% of the rights, title, and interests of the seventy-two 20-acre claims, total approximately 1,440 acres in size.

The acquisition price is expected to cost Bocana US$27.5 million, and Tim Turner, CEO, said: "This acquisition is significantly better than several of the other opportunities that the company has reviewed, and we look forward to developing this asset as quickly as possible for the benefit of our shareholders."

Price: 0.01, Change: +0.01, Percent Change: +100.00