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An announcement from Emperor Metals, Inc. ( (TSE:AUOZ) ) is now available.
Emperor Metals Inc. has completed the acquisition of the Lac Pelletier Property in Quebec, which consists of 25 mining claims and a mining lease covering 558 hectares. This strategic acquisition is adjacent to Agnico Eagle’s Wasamac Gold Deposit, offering potential for resource expansion. The property has significant historical mineral resources, extensive drilling, and infrastructure, with potential for robust resource expansion and pre-production scenarios. The acquisition involves a one percent net smelter returns royalty and issuance of 12.5 million common shares to Maritime Resources Corp.
More about Emperor Metals, Inc.
Emperor Metals Inc. operates in the mining industry, focusing on the acquisition and development of mineral properties. The company is involved in exploring and expanding gold resources, with a market focus on strategic mining locations.
YTD Price Performance: 87.50%
Average Trading Volume: 260,902
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$16.76M
See more insights into AUOZ stock on TipRanks’ Stock Analysis page.