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American Creek Resources ( (TSE:AMK) ) has issued an update.
American Creek Resources has announced the termination of its Arrangement Agreement with Cunningham Mining Ltd., with mutual releases provided. As part of the termination, Cunningham has agreed to pay American Creek CAD$150,000 in NGTG$ tokens, to be released in nine months. Both companies are considering an alternative agreement that could align the gold RWA token sector with the gold exploration sector, potentially adding significant value for shareholders.
More about American Creek Resources
American Creek Resources is involved in the mining industry, primarily focusing on gold exploration. It holds a significant interest in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in British Columbia’s ‘Golden Triangle’. The company benefits from a fully carried 20% interest in the project without incurring exploration or development costs until a production notice is issued. Additionally, it owns the Austruck-Bonanza gold property near Kamloops, BC.
YTD Price Performance: -48.08%
Average Trading Volume: 289,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$60.68M
See more insights into AMK stock on TipRanks’ Stock Analysis page.
