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Kermode Resources Announces Shares for Services Agreement for Exploration Projects

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Kermode Resources Announces Shares for Services Agreement for Exploration Projects

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Kermode Resources ( (TSE:KLM) ) has shared an update.

Kermode Resources Ltd. has announced a new Shares for Services agreement, pending approval from the TSX Venture Exchange, to issue common shares to 802213 Alberta Ltd. and 911 Exploration Corp. as compensation for mining exploration services. This agreement, which includes exploration at the Mount Sicker project, allows the consultants to receive up to $100,000 per month in shares, with a total cap of $1,200,000 over the year-long term. The agreement stipulates that the consultants cannot hold more than 10% of Kermode’s shares without filing necessary documentation with the exchange, ensuring that any excess compensation is paid in cash.

Spark’s Take on TSE:KLM Stock

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

Kermode Resources exhibits high financial risk with consistent losses and no revenue, reflected in a low financial performance score. While recent corporate events show potential for strategic growth, they are overshadowed by governance issues and financial constraints. Technical analysis indicates limited momentum, and the valuation metrics suggest overvaluation. These factors collectively contribute to a low overall stock score.

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

More about Kermode Resources

Kermode Resources Ltd. is a junior mining company focused on exploring opportunities globally.

Average Trading Volume: 898,485

Technical Sentiment Signal: Sell

Current Market Cap: C$912.4K

See more insights into KLM stock on TipRanks’ Stock Analysis page.

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