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The latest announcement is out from Auric Minerals Corp. ( (TSE:AUMC) ).
Auric Minerals Corp. has issued 226,244 common shares at a deemed price of $0.442 per share to an arm’s-length optionor, satisfying a $100,000 payment obligation under an option agreement dated January 29, 2025. The agreement grants Auric the right to acquire a 100% interest in three prospective uranium properties—Caboose, Kawip and Manic—in accessible regions of Quebec, for total consideration of $300,000 in cash or shares.
The newly issued shares are subject to a four‑month statutory hold period, an exchange hold under Canadian Securities Exchange policies and an additional six‑month voluntary lock‑up on half of the shares. The transaction underscores Auric’s strategy of expanding its portfolio of uranium projects in key Canadian jurisdictions while preserving cash through equity-based payments, potentially enhancing its position in the growing nuclear fuel supply chain.
More about Auric Minerals Corp.
Auric Minerals Corp. is a Canada-based mineral exploration company focused primarily on uranium assets in Labrador’s Central Mineral Belt and Quebec, alongside its Goodeye gold property in British Columbia. The company holds a 100% interest in over 26,500 hectares across the English Lake, Otter Lake and Kan projects in Labrador, and has an exclusive option over three contiguous mineral claims at Goodeye in the Trail Creek Mining Division of B.C.
Average Trading Volume: 53,348
Technical Sentiment Signal: Buy
Current Market Cap: C$11.22M
For detailed information about AUMC stock, go to TipRanks’ Stock Analysis page.