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Azarga Metals ( (TSE:AZR) ) has shared an update.
Azarga Metals Corp. has announced the exercise of its option to purchase a 100% interest in the Marg Project located in Central Yukon from Minera Alamos. This acquisition involves a cash payment, issuance of common shares, and an amended net smelter return royalty agreement, positioning Azarga Metals to own the project free and clear, subject to certain conditions. The company also granted deferred share units, restricted share units, and stock options to its directors and officers as part of its equity incentive plan, which may impact its financial and operational strategies moving forward.
More about Azarga Metals
Azarga Metals Corp. operates in the mining industry, focusing on the acquisition and development of mineral properties. The company is primarily involved in exploring and developing projects in Canada, with a market focus on expanding its portfolio through strategic acquisitions.
Average Trading Volume: 7,446
Technical Sentiment Signal: Hold
Current Market Cap: C$5.9M
See more data about AZR stock on TipRanks’ Stock Analysis page.