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The latest announcement is out from ExGen Resources ( (TSE:EXG) ).
ExGen Resources Inc. has entered into an agreement to acquire the Spark North Lithium Project in Elko County, Nevada, consisting of 111 claims over approximately 2300 acres. This acquisition aligns with ExGen’s strategy to expand its presence in the lithium sector, particularly within a region known for high-grade lithium deposits. The transaction, subject to TSX Venture Exchange approval, involves a cash payment and issuing common shares, with conditions customary for such acquisitions. The move is expected to enhance ExGen’s position in the growing lithium market, potentially benefiting stakeholders through increased activity and exploration potential in the area.
More about ExGen Resources
ExGen Resources Inc., formerly Boxxer Gold Corp, is a project accelerator focused on funding exploration and development through joint ventures and partnerships. This strategy mitigates technical and financial risks while maintaining exposure to potential discoveries and cash flow. ExGen aims to build a diverse portfolio across various exploration stages and commodity groups, currently managing five projects in Canada and the US.
YTD Price Performance: -6.25%
Average Trading Volume: 31,673
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$4.47M
See more data about EXG stock on TipRanks’ Stock Analysis page.
