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The latest update is out from Chibougamau Independent Mines ( (TSE:CBG) ).
Chibougamau Independent Mines Inc. has updated its agreement with TomaGold Corp., allowing TomaGold to acquire a 100% interest in several of Chibougamau’s properties in Quebec. The revised terms include cash payments totaling $2.7 million, issuance of common shares worth $1.85 million, and exploration expenditures of $5.6 million over a six-year period. This agreement is expected to enhance Chibougamau’s financial position and support its strategic focus on mineral exploration, potentially impacting its market presence and stakeholder interests.
More about Chibougamau Independent Mines
Chibougamau Independent Mines Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the acquisition and exploration of gold and copper properties in the Chibougamau region of Quebec, Canada.
Average Trading Volume: 12,180
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$12.21M
For detailed information about CBG stock, go to TipRanks’ Stock Analysis page.