Auric Minerals Secures Full Ownership of Three Properties Through Share Issuance

Auric Minerals Corp. ( (TSE:AUMC) ) has shared an update.

Auric Minerals Corp. has issued 1,500,000 common shares at a deemed price of $0.25 per share to amend its agreements on the Route 500, Portage Lake and BUB properties, resulting in the company securing a 100% interest in each of the three projects. In exchange for waiving remaining obligations under the original option agreements, including future cash payments, share issuances and exploration expenditures, Auric consolidated ownership of these properties while placing the new shares under a four‑month statutory hold, a move that simplifies its capital commitments and strengthens control over key uranium and gold exploration assets in Canada.

More about Auric Minerals Corp.

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

Average Trading Volume: 30,200

Technical Sentiment Signal: Sell

Current Market Cap: C$8.42M

See more data about AUMC stock on TipRanks’ Stock Analysis page.