TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Athena Gold ( (TSE:ATHA) ) has provided an update.
Athena Gold Corporation has successfully completed the monetization of its Excelsior Springs project in Nevada by partnering with Mammoth Minerals Limited, which has exercised its option to earn an 80% interest in the project. This strategic move strengthens Athena’s financial position, allowing it to retain a 20% interest and a net smelter return royalty, while Mammoth funds the project towards a maiden resource. Additionally, Athena has terminated its agreement for the Crow Springs project, resolving all obligations without further payments, allowing the company to focus on its other projects.
More about Athena Gold
Athena Gold Corporation is engaged in mineral exploration and the acquisition of mineral property assets, focusing on developing economic precious and base metal properties across North America. The company operates projects such as the Laird Lake project in Ontario’s Red Lake Gold District and the Excelsior project in Nevada’s Walker Lane Trend. Athena also holds a 100% interest in the Oneman Lake Au-VMS project in Ontario.
Average Trading Volume: 103,884
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.74M
Find detailed analytics on ATHA stock on TipRanks’ Stock Analysis page.