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Compass Gold ( (TSE:CVB) ) has issued an announcement.
Compass Gold Corp. plans to extend the expiry date of 7,298,668 common share purchase warrants by one year to 31 December 2026, keeping the $0.30 exercise price unchanged, in a move that affects both public holders and company insiders and is subject to TSX Venture Exchange approval. The company framed the decision against a two-year suspension of Mali’s mining code that has delayed planned activities, while signalling expectations that a Small Mine Permit for its Massala project is imminent amid record gold prices. In a parallel step to retain and incentivize key personnel, Compass granted 4.15 million stock options at $0.18 per share for a five-year term, bringing total options outstanding to about 7.7% of shares and leaving room under its 10% stock option plan limit, as older options held by officers and directors approach expiry in early January 2026.
More about Compass Gold
Compass Gold Corp. is a Toronto-based, TSX Venture-listed Tier 2 mining issuer focused on gold exploration in Mali. Through its 2017 acquisition of MGE and Malian subsidiaries, the company holds exploration permits over the 910 sq. km Sikasso Property in southern Mali, a region that hosts several multi-million-ounce gold projects including Morila, Syama, Kalana and Komana. A Mali-based technical team led in the field by Dr. Madani Diallo and supervised by Dr. Sandy Archibald, P.Geo, is advancing exploration, following up on numerous anomalies identified in a National Instrument 43-101 technical report on Sikasso.
Average Trading Volume: 28,103
Technical Sentiment Signal: Sell
Current Market Cap: C$20.42M
For a thorough assessment of CVB stock, go to TipRanks’ Stock Analysis page.