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Labrador Gold Corp ( (TSE:LAB) ) has issued an announcement.
Labrador Gold Corp. has announced a strong financial position with approximately $18.1 million in cash, supporting its strategic growth initiatives. The company is actively pursuing a significant gold project in Canada, having narrowed its search to a select group of promising candidates. Additionally, the sale of New Found Gold shares has bolstered its cash reserves, and the receipt of funding from the Newfoundland and Labrador government underscores the region’s support for junior exploration companies. These developments position Labrador Gold advantageously to execute its strategy of securing and advancing a significant gold project, with a commitment to delivering value to shareholders.
More about Labrador Gold Corp
Labrador Gold is a Canadian-based mineral exploration company focused on acquiring and exploring prospective gold projects in Eastern Canada. The company is particularly invested in the Hopedale property, which covers the Archean-age Florence Lake greenstone belt, and has shown potential for gold, copper, nickel, and cobalt.
YTD Price Performance: -7.14%
Average Trading Volume: 236,121
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$11.05M
Find detailed analytics on LAB stock on TipRanks’ Stock Analysis page.