GFG Resources (TSE:GFG) has released an update.
Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
GFG Resources Inc. has entered a binding agreement to sell its Rattlesnake Hills Gold Project to Patriot Gold Vault Ltd. for C$3.3 million, a move that will refocus GFG’s efforts on their Timmins Gold District projects. The deal includes staged cash payments and equity in Patriot, offering GFG shareholders value and exposure to potential future successes. Patriot aims to leverage the project to capitalize on low pre-production gold inventory valuations and drive aggressive resource development.
For further insights into TSE:GFG stock, check out TipRanks’ Stock Analysis page.