NuLegacy Gold Finalizes Strategic Agreement with Metalla

NuLegacy Gold (TSE:NUG) has released an update.

NuLegacy Gold Corporation has successfully completed a strategic agreement with Metalla Royalty & Streaming Ltd., eliminating the need for annual exploration expenditures of US$150,000 for the next two years on its Red Hill property. The deal included the issuance of 42 million Amendment Units at $0.01 each, comprising a common share and a purchase warrant, to re-align NuLegacy’s financial obligations and focus on advancing their gold exploration endeavors in Nevada’s prolific Cortez Trend.

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