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ExGen Resources ( (TSE:EXG) ) has shared an announcement.
ExGen Resources Inc. has successfully completed the acquisition of the Spark North lithium project in Elko County, Nevada, which consists of 111 claims over approximately 2300 acres. The acquisition, subject to final approval by the TSX Venture Exchange, was finalized through a purchase agreement involving a cash payment of CAD$250,000 and the issuance of 5,000,000 common shares to the vendor. This strategic acquisition enhances ExGen’s portfolio and positions the company to capitalize on the growing demand for lithium, potentially benefiting stakeholders through increased project diversity and future cash flow opportunities.
More about ExGen Resources
ExGen Resources Inc., formerly known as Boxxer Gold Corp, operates as a project accelerator focusing on funding exploration and development through joint ventures and partnerships. This strategy minimizes technical and financial risks while maintaining potential benefits from new discoveries and cash flow. The company aims to build a diverse portfolio of projects across various exploration stages and commodity groups, with current projects located in Canada and the US.
YTD Price Performance: -6.25%
Average Trading Volume: 12,255
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$4.79M
See more insights into EXG stock on TipRanks’ Stock Analysis page.