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The latest announcement is out from Lincoln Gold Mining ( (TSE:LMG) ).
Lincoln Gold Mining Inc. has been served with a claim seeking CAD$877,230 for alleged unpaid promissory notes and breaches of contractual obligations. The company disputes the allegations and does not consider the claim to materially impact its financial position or operations. Lincoln Gold is actively engaging with the claimants and plans to file a defense while continuing to advance its Nevada gold projects.
More about Lincoln Gold Mining
Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC. The company is focused on advancing its Bell Mountain gold-silver property, which is fully permitted and moving towards production, and the Pine Grove gold property, which is in the final stages of permitting. Both projects are located in the Walker Lane mineral belt, known for its rich deposits of gold and silver. Lincoln Gold aims to become a mid-tier gold producer.
Average Trading Volume: 29,445
Technical Sentiment Signal: Buy
Current Market Cap: C$6.21M
See more insights into LMG stock on TipRanks’ Stock Analysis page.