Neworigin Gold Corp. (TSE:NEWO) has released an update.
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NewOrigin Gold Corp. has announced the conversion of Vista Gold Corp.’s back-in right option into a net smelter return royalty, providing NewOrigin with greater flexibility for exploration at their wholly-owned North Abitibi property. Furthermore, the company has terminated a non-brokered private placement due to challenging market conditions and is exploring alternative financing options, including the sale of its stake in O3 Mining Inc. for working capital.
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