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Landore Resources ( (GB:LND) ) has provided an update.
Landore Resources Limited has received a scheduled option payment from Storm Exploration Inc. as part of an agreement concerning the sale of its interest in the Miminiska Lake and Keezhik Lake Properties in Ontario, Canada. This transaction increases Landore’s stake in Storm to 17.1%, with a final payment due in March 2026. The company remains focused on its BAM Gold Project, where a drilling campaign is underway to update the mineral resource estimate and develop a Pre-Feasibility Study, capitalizing on the favorable gold market conditions.
More about Landore Resources
Landore Resources Limited is a mining company focused on the exploration and development of gold and other precious and battery metals projects in Canada and the USA. The company is the 100% owner of the BAM Gold Project in Northwestern Ontario, which has a significant gold resource estimate. Landore aims to enhance the value of its projects, particularly the BAM Gold Project, in the lucrative gold-producing region of Ontario.
YTD Price Performance: -24.69%
Average Trading Volume: 521,970
Technical Sentiment Signal: Buy
Current Market Cap: £9.82M
For a thorough assessment of LND stock, go to TipRanks’ Stock Analysis page.