Golden Sky Minerals Secures TSX Approval for Boliden Joint Venture

Golden Sky Minerals ( (TSE:AUEN) ) has shared an update.

Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its Option and Joint Venture Agreement with Boliden Minerals Canada Ltd. This agreement allows Boliden to earn up to an 80% interest in the Rayfield copper-gold property by investing CDN $1,000,000 in cash and CDN $19,000,000 in exploration over six years. The joint venture will combine the Rayfield Property with Boliden’s Gjoll property, with a provision for a net smelter returns royalty if a party’s interest falls below 10%. This strategic partnership is expected to enhance Golden Sky’s exploration capabilities and strengthen its position in the mineral exploration industry.

Spark’s Take on TSE:AUEN Stock

According to Spark, TipRanks’ AI Analyst, TSE:AUEN is a Underperform.

Golden Sky Minerals faces major challenges with no revenue, persistent losses, and negative cash flow, which significantly affect its overall score. The bearish technical indicators and poor valuation further contribute to a low score, suggesting substantial risks for investors.

To see Spark’s full report on TSE:AUEN stock, click here.

More about Golden Sky Minerals

Golden Sky Minerals Corp. is a junior grassroots explorer focused on acquiring, assessing, exploring, and developing mineral properties in promising and mining-friendly regions. The company aims to advance its portfolio to the mineral resource stage through systematic exploration, with projects in British Columbia, Yukon, and Ontario. Established in 2018 and headquartered in Vancouver, it seeks to create shareholder value through discovering and developing world-class mineral deposits.

Average Trading Volume: 67,411

Technical Sentiment Signal: Buy

Current Market Cap: C$6.53M

Find detailed analytics on AUEN stock on TipRanks’ Stock Analysis page.