Ajax Resources Plc (LSE:AJAX) is looking for acquisition opportunities. Ajax provided an update on its target identification for opportunities with significant natural resource exploration, development, and production potential. The company is currently evaluating a selection of acquisition opportunities, ranging from early exploration to near-term production, located in Canada, USA, Zambia, Namibia, and Botswana.

These assessments remain strictly at the review stage. Following recent progress, the company has decided to incorporate two subsidiaries, respectively in the USA and in Canada, to pursue future potential acquisition opportunities in these jurisdictions. Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented: "Over recent months we have achieved considerable progress in reviewing a selection of highly prospective natural resource production and development opportunities in relatively low-risk operating environments.

In view of the ongoing energy transition, we wish to position Ajax as a forward-looking business with a results-driven commercial vision aimed towards the production of globally significant critical metals and natural resources. Our strategy has the objective of creating shareholder value by developing a portfolio of assets that can generate revenue within 12-18 months of acquisition, as well as holding exploration opportunities with long-term mineral potential".