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GGL Resources ( (TSE:GGL) ) has shared an announcement.
GGL Resources Corp. has entered into an agreement with Nelson Resources Limited, allowing Nelson to acquire up to a 90% interest in GGL’s Gold Point Project in Nevada. This agreement includes an initial cash payment, share issuance, and a net smelter returns royalty. Nelson plans an aggressive exploration program, and the transaction could significantly impact GGL’s operations by transitioning the project into a joint venture upon Nelson acquiring the full interest.
More about GGL Resources
GGL Resources Corp. is a company operating in the mining industry, focusing on the exploration and development of mineral properties. Its primary products are high-grade gold and silver, with a market focus on the Walker Lane District in Nevada.
Average Trading Volume: 32,257
Technical Sentiment Signal: Sell
Current Market Cap: C$5.22M
See more data about GGL stock on TipRanks’ Stock Analysis page.