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The latest update is out from New Break Resources Ltd. ( (TSE:NBRK) ).
New Break Resources Ltd. has announced the sale of an 80% interest in its Sundog gold project to Guardian Exploration Inc., which will allow New Break to concentrate on its flagship Moray gold project. This strategic move is expected to strengthen the company’s balance sheet and focus its exploration efforts on new targets at Moray. Additionally, New Break has been accepted into the Ontario Junior Exploration Program, securing a reimbursement for exploration expenditures, and has realigned its management roles to achieve operational cost savings.
More about New Break Resources Ltd.
New Break Resources Ltd. is a company in the mining industry, focusing primarily on gold exploration. Its key projects include the Sundog gold project in Nunavut and the Moray gold project in Ontario, with a strategic focus on advancing these assets to maximize shareholder value.
YTD Price Performance: -12.50%
Average Trading Volume: 26,450
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.93M
For an in-depth examination of NBRK stock, go to TipRanks’ Stock Analysis page.