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AC/DC Battery Metals, Inc. ( (TSE:ACDC) ) just unveiled an announcement.
AC/DC Battery Metals Inc. has completed the sale of its copper property to Grid Battery Metals Inc., transferring 17 mineral claims covering 27,525.24 hectares in North Central British Columbia. This transaction, considered a related party transaction due to shared officers and directors, involved Grid issuing 5,000,000 shares and covering staking costs. The deal is not expected to create new insiders or alter control within the company, aligning with regulatory exemptions due to its market capitalization impact.
More about AC/DC Battery Metals, Inc.
AC/DC Battery Metals Inc. operates in the mining industry, focusing on metallic mineralization including nickel, cobalt, and chromium. The company owns a 100% interest in the Nickel Project located in British Columbia, Canada, which includes the Mount Sidney Williams Group and the Mitchell Range Group claim blocks.
YTD Price Performance: -16.67%
Average Trading Volume: 12,183
Technical Sentiment Consensus Rating: Strong Buy
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