GreenBank Capital (TSE:GBC) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
GreenBank Capital Inc. and Ubique Minerals Limited have teamed up to acquire MJR Mining and Exploration, which owns the Stanhove gold tailings dump in Johannesburg, in a deal totaling CAD $3,384,341 with additional future payments contingent on production. The transaction, split evenly between the two firms, is subject to regulatory and operational approvals, with Ubique handling mining operations and GreenBank managing the financials. The deal hinges on completing due diligence and obtaining necessary permits, with finalization expected shortly after these conditions are met.
For further insights into TSE:GBC stock, check out TipRanks’ Stock Analysis page.