GFG Resources ( (TSE:GFG) ) has provided an update.
GFG Resources Inc. has acquired strategic claims within its Pen Gold Project, located west of Timmins, Ontario, for a total purchase price of C$4,500, securing 100% ownership. Additionally, the company has granted stock options to its directors and officers, allowing them to purchase up to 3,812,000 common shares, and plans to issue 111,111 common shares to the Apitipi Anicinapek Nation as part of a recent exploration agreement, pending TSX Venture Exchange approval. These strategic moves are expected to bolster GFG’s exploration capabilities and strengthen its position in the gold mining industry.
More about GFG Resources
GFG Resources Inc. is a North American precious metals exploration company focused on district-scale gold projects in tier one mining jurisdictions. The company operates three gold projects in the prolific gold district of Timmins, Ontario, Canada, which have similar geological settings to the Timmins Gold Camp, known for producing over 70 million ounces of gold.
YTD Price Performance: 18.75%
Average Trading Volume: 166,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$51.14M
Find detailed analytics on GFG stock on TipRanks’ Stock Analysis page.