Metal Energy Extends Option on Manibridge Project

Metal Energy Corp (TSE:MERG) has released an update.

Metal Energy Corp. has announced an extension to its option agreement with Mistango River Resources, allowing the company to re-acquire a 15% interest in the Manibridge Project in Manitoba until April 30, 2026. This amendment includes an exchange of 1 million Metal Energy common shares at a deemed price of $0.02 per share as consideration for the extension. The completion of this transaction is contingent on approval from the TSX Venture Exchange.

For further insights into TSE:MERG stock, check out TipRanks’ Stock Analysis page.