Auric Minerals Secures Full Ownership of Key Labrador Projects and Streamlines Option Agreements

Auric Minerals Corp. ( (TSE:AUMC) ) just unveiled an update.

Auric Minerals Corp. has completed the acquisition of a 100% beneficial interest in the English Lake, Otter Lake and Kan projects in Labrador’s Central Mineral Belt, adding more than 26,500 hectares across multiple mineralized corridors to its portfolio. The deal, executed through share and warrant issuances, a reduced cash payment and the assumption of existing net smelter return royalty obligations, consolidates Auric’s position in a key uranium district, while a technical report on the English Lake Project has been filed to support disclosure. In parallel, Auric has renegotiated its Route 500, Portage and BUB property option agreements, securing full ownership of each by issuing a total of 1.5 million shares in lieu of future cash, share and exploration commitments, a move that simplifies its capital obligations and provides clearer title across its growing asset base, subject to Canadian Securities Exchange approval.

More about Auric Minerals Corp.

Auric Minerals Corp. is a mineral exploration company based in Oakville, Ontario, focused primarily on highly prospective uranium properties in Labrador’s Central Mineral Belt and in Quebec, as well as the Goodeye gold property in British Columbia, Canada.

Average Trading Volume: 30,792

Technical Sentiment Signal: Sell

Current Market Cap: C$7.79M

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