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Landore Resources ( (GB:LND) ) just unveiled an announcement.
Landore Resources Limited announced that Storm Exploration Inc. has entered into an agreement to sell the Miminiska Project to European Electric Metals Inc. for C$5.8 million. Landore will receive C$1.3 million in cash from Storm, enhancing its financial position as it moves into 2026. This transaction underscores the quality of Landore’s asset portfolio and provides a strong platform for future operations.
More about Landore Resources
Landore Resources Limited is a company focused on mineral exploration and development, primarily in northwestern Ontario, Canada. It owns the BAM Gold Project, which has a significant gold resource estimate, and aims to generate value from both its core gold project and non-core precious and battery metals projects in Canada and the USA.
Average Trading Volume: 1,757,789
Technical Sentiment Signal: Buy
Current Market Cap: £14.86M
For an in-depth examination of LND stock, go to TipRanks’ Overview page.