GFG Resources (TSE:GFG) has released an update.
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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.
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