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The latest announcement is out from Exploits Discovery ( (TSE:NFLD) ).
Exploits Discovery Corp. has entered into an agreement to sell its mineral claims in Newfoundland to New Found Gold Corp. for approximately $8.8 million, including a 1% net smelter returns royalty. This transaction allows Exploits to concentrate on its gold projects in Ontario and Québec, which have a combined historical gold resource estimate of 680,000 ounces. The deal is expected to enhance Exploits’ growth potential in Canada’s leading gold belts, providing immediate value to shareholders and ongoing exposure to New Found Gold’s discovery success.
The most recent analyst rating on (TSE:NFLD) stock is a Buy with a C$0.10 price target. To see the full list of analyst forecasts on Exploits Discovery stock, see the TSE:NFLD Stock Forecast page.
More about Exploits Discovery
Exploits Discovery Corp. operates in the mining industry, focusing on gold exploration and development. The company is primarily involved in advancing gold projects in Ontario and Québec, Canada, with a market focus on expanding its gold resource base.
YTD Price Performance: 11.11%
Average Trading Volume: 230,983
Technical Sentiment Signal: Sell
Current Market Cap: C$8.86M
See more data about NFLD stock on TipRanks’ Stock Analysis page.