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Valorem Resources ( (TSE:AGC) ) just unveiled an update.
Avanti Gold Corporation has announced a settlement agreement with Arc Minerals Ltd to resolve a historical liability of USD 1,250,000. The agreement allows Avanti to settle the debt through a reduced cash payment, with varying amounts depending on the payment date, potentially reducing the company’s overall liabilities. This settlement reflects constructive negotiations and may positively impact Avanti’s financial standing and operational focus.
More about Valorem Resources
Avanti Gold Corp. is a gold exploration company with a robust portfolio of projects in Africa. The company’s flagship asset is the Misisi Project in the Democratic Republic of Congo, which includes the Akyanga gold deposit. This deposit has an inferred mineral resource of 44.3 million tonnes at an average gold grade of 2.37 grams per tonne, totaling 3.1 million ounces of gold. The Misisi Project spans three contiguous 30-year mining leases covering 133 square kilometers along the Kibara Gold Belt, known for significant gold deposits.
Average Trading Volume: 310,929
Technical Sentiment Signal: Buy
Current Market Cap: C$10.92M
For an in-depth examination of AGC stock, go to TipRanks’ Overview page.