Bullion Gold Resources ( (TSE:BGD) ) has provided an update.
Bullion Gold Resources Corp. has signed an option agreement with Olympio Metals, allowing Olympio to acquire up to 80% of the Bousquet gold project in Abitibi, Quebec. This strategic partnership involves Olympio investing $2 million in exploration and paying $1.25 million in cash and shares, while Bullion Gold retains a 20% interest. The agreement could enhance Bullion Gold’s industry positioning by leveraging Olympio’s resources for exploration, potentially increasing the project’s value and attracting further investment.
More about Bullion Gold Resources
Bullion Gold Resources Corp. is engaged in the identification, exploration, and development of viable mineral properties in Quebec, with a focus on projects like the 100% owned Bodo SM project.
YTD Price Performance: -10.0%
Average Trading Volume: 26,365
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.01M
For detailed information about BGD stock, go to TipRanks’ Stock Analysis page.