Gunsynd (GB:GUN) has released an update.
Gunsynd PLC has announced the acquisition of the Falcon Lake U-Cu-Co and Bear-Twit VMS projects in Canada, with a financial commitment of issuing new shares and cash payments totaling £200,000, alongside a pledge of £100,000 annual funding for work programs. The deal includes a farm-in agreement with Pinwheel Resources Ltd, granting Gunsynd a 100% interest in these uranium asset projects and a right of first refusal on additional licences. The company is set to bolster its portfolio with these high-potential exploration assets and anticipates updating its shareholders on their progress.
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