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Stratabound Minerals ( (TSE:LOD) ) has shared an update.
Lode Gold Resources Inc has completed an internal scoping study to transition its Fremont gold project in California to a 100% underground bulk mining operation. The company is seeking a joint venture partner to support this pivot, with plans to optimize the Preliminary Economic Assessment and potentially increase production capacity. This strategic shift aims to minimize environmental impact by eliminating open-pit mining and cyanide use, aligning with the U.S. government’s goal of boosting domestic gold production.
More about Stratabound Minerals
Lode Gold is an exploration and development company with projects in Canada and the United States. In Canada, it focuses on the Golden Culvert and WIN projects in Yukon, and the Acadian Gold JV Co. in New Brunswick. In the United States, the company is advancing the Fremont Mine in California, which has historical significance from the Gold Rush era.
Average Trading Volume: 40,576
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.68M
For an in-depth examination of LOD stock, go to TipRanks’ Overview page.