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Athena Gold ( (TSE:ATHA) ) has issued an update.
Athena Gold Corporation has fulfilled its annual option payment for the Laird Lake gold project in Red Lake, Ontario, by issuing 500,000 common shares to Bounty Gold Corp. and making a cash payment. This move is part of a broader agreement to acquire full rights to the project, requiring payments up to $1.2 million over five years. Additionally, Athena Gold is addressing outstanding debt by issuing common shares, a strategy aimed at preserving cash for ongoing operations. This financial maneuvering reflects the company’s strategic efforts to manage its resources while advancing its exploration projects.
More about Athena Gold
Athena Gold Corporation operates in the mining industry, focusing on gold exploration and development projects. The company is primarily engaged in advancing its gold projects in Ontario, Canada, with a market focus on expanding its resource base and enhancing shareholder value.
Average Trading Volume: 106,236
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.74M
See more insights into ATHA stock on TipRanks’ Stock Analysis page.