Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from LFNT Resources Corp. ( (TSE:LFNT) ) is now available.
LFNT Resources Corp. has amended its option agreement to acquire a 100% interest in the Skyfire Property in British Columbia’s Cariboo Mining District, agreeing to pay $32,000 in cash and issue an additional 200,000 common shares to the optionors. In exchange, all remaining exploration spending, share issuance, cash payment and other time-based commitments under the original 2022 agreement have been pushed back by 12 months, preserving LFNT’s path to full ownership of the project, subject to a net smelter return royalty, while providing the junior explorer more time to meet its obligations pending regulatory approval of the new share issuance.
More about LFNT Resources Corp.
LFNT Resources Corp. is a British Columbia-based mineral exploration company focused on developing assets containing battery, base and precious metals. The company holds a 1,900-hectare land position in the Cariboo Mining District of British Columbia, centred on its Skyfire Property located between Williams Lake and 100 Mile House, and is listed on the Canadian Securities Exchange under the symbol LFNT.
Average Trading Volume: 4,000
Technical Sentiment Signal: Buy
See more insights into LFNT stock on TipRanks’ Stock Analysis page.