LISTED miner United Paragon Mining Corp. (UPM) on Friday disclosed that it is currently in talks with Camarines Minerals Inc. (CMI) to address its negative stockholders' equity and reduce debt.
In a letter to the Philippine Stock Exchange (PSE) dated Dec. 26, 2024, UPM President Adrian Paulino Ramos said his company was "actively engaged in fruitful ongoing negotiations with our partner, Camarines Minerals Inc., and are making significant headway toward a mutually beneficial resolution."