King’s Bay Gold ( (TSE:ROAR) ) just unveiled an announcement.
Lion Rock Resources Inc. has successfully closed an option agreement with Tinton Partners, granting it the exclusive right to acquire a 100% interest in the Volney Project, located in the Black Hills of South Dakota. This strategic acquisition, which includes 38 private land claims, positions Lion Rock to enhance its mining operations with potential access to lithium, tin, and gold resources. The company has also issued 7,001,000 common shares to Tinton Partners as part of the agreement and granted 5,700,000 incentive stock options to its team, indicating a strong commitment to advancing its mining projects and rewarding its stakeholders.
More about King’s Bay Gold
Lion Rock Resources Inc. is a company engaged in the exploration and development of mineral properties, with a focus on gold, copper, and lithium. The company holds an option to acquire the Volney Gold/Lithium Project in South Dakota, featuring the Giant Volney pegmatite historically mined for high-grade lithium and tin, as well as gold from the adjacent shear zone. Additionally, Lion Rock has properties in Ontario and Quebec that are prospective for gold, copper, and lithium.
YTD Price Performance: 66.67%
Average Trading Volume: 117,630
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$8.37M
Learn more about ROAR stock on TipRanks’ Stock Analysis page.