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The latest update is out from Ready Set Gold ( (TSE:PATH) ).
Newpath Resources Inc. has terminated its mineral acquisition agreement with NatBridge Resources, which had planned to acquire 100% of the rights, title and interest in certain claims within the Northshore Gold Property in Ontario. The deal was cancelled after the purchaser failed to make required payments under the agreement.
As a result of the termination, NatBridge Resources has earned no interest in or title to the Northshore Gold Property, and Newpath retains full ownership of the asset. The decision preserves Newpath’s strategic control over the property and may influence its future options for partnerships, financing or exploration in the Thunder Bay mining district.
More about Ready Set Gold
Newpath Resources Inc. is a Canadian mineral exploration company listed on the CSE, FSE and OTC Pink, focused on acquiring and advancing gold and other mineral properties. The company’s portfolio includes the Northshore Gold Property in Ontario’s Thunder Bay Mining Division, where it seeks to build value through exploration and strategic transactions in the junior mining sector.
Average Trading Volume: 21,592
Technical Sentiment Signal: Sell
Current Market Cap: C$1.07M
Find detailed analytics on PATH stock on TipRanks’ Stock Analysis page.