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The latest announcement is out from ExGen Resources ( (TSE:EXG) ).
ExGen Resources Inc. has signed a binding letter of intent to acquire a silver stream on a past-producing gold mine in Chile. This acquisition marks the company’s entry into silver streaming, which could enhance its portfolio and provide sustainable revenue streams through minimum silver delivery requirements and preferential rights to future streaming opportunities. The move positions ExGen for potential expansion within the mining sector and signifies its commitment to innovative financial models, benefiting both its growth strategy and stakeholders.
More about ExGen Resources
ExGen Resources Inc. operates as a project accelerator, focusing on exploration and development of mining projects through joint ventures and partnerships. With a portfolio of 7 projects across Canada and the US, the company seeks to reduce technical and financial risks while maintaining exposure to discoveries and potential cash flow, aiming for diversification across exploration stages and commodity types.
Average Trading Volume: 36,579
Technical Sentiment Signal: Hold
Current Market Cap: C$7.58M
See more data about EXG stock on TipRanks’ Stock Analysis page.