NewPeak Metals Ltd. (AU:NPM) has released an update.
NewPeak Metals Ltd has completed the sale of its Finnish subsidiary companies, which hold a portfolio of gold permits, to Golcap Resources Corp., marking a significant step in its strategic rejuvenation plans. The deal includes staged cash payments and shares, with NewPeak becoming a substantial shareholder in Golcap and receiving additional future payments tied to resource milestones. The transaction is expected to bolster NewPeak’s acquisition and exploration endeavors.
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