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Angkor Gold ( (TSE:ANK) ) has issued an announcement.
Angkor Resources has signed a binding letter of intent to sell its 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan for $4.8 million, with closing targeted for January 31, 2026. The buyer, which previously loaned $3.8 million to fund Angkor’s acquisition of the asset, will apply the outstanding loan against the purchase price alongside staged cash payments, and will assume profit entitlements and capital commitments from October 1, 2025. Management says the divestiture, which involves no finders’ fees or equity dilution, is aimed at redeploying net proceeds into advancing Cambodian oil, gas, gold and copper projects, including drill targeting on Block VIII following a promising seismic program that has identified multiple drilling prospects. The company plans to use the strengthened balance sheet and single-country focus to build an attractive platform for potential sale or merger opportunities, positioning itself around what it hopes will become Cambodia’s first commercial onshore hydrocarbons discovery, supported by a pipeline of gold and copper prospects.
Spark’s Take on TSE:ANK Stock
According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Underperform.
Angkor Gold’s overall score reflects significant financial difficulties, including no revenue generation, high leverage, and negative cash flows. While technical indicators show some upward momentum, the lack of profitability and dividends impacts its valuation. Recent corporate developments suggest potential growth opportunities, but financial challenges remain a primary concern.
To see Spark’s full report on TSE:ANK stock, click here.
More about Angkor Gold
Angkor Resources Corp., listed on the TSX Venture Exchange, is a Canadian-based resource company focused on optimizing mineral and energy assets in Cambodia and Canada. Through its Cambodian mineral subsidiary Angkor Gold Corp., it holds two copper and gold exploration licences, while its energy subsidiary EnerCam Resources operates Block VIII, a 7,300-square-kilometre onshore oil and gas exploration licence in southwest Cambodia.
Average Trading Volume: 90,494
Technical Sentiment Signal: Buy
Current Market Cap: C$72.67M
For an in-depth examination of ANK stock, go to TipRanks’ Overview page.