Ongold Resources Ltd (TSE:ONAU) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
ONGold Resources Ltd. has announced its acquisition of the Monument Bay and Domain Projects in Manitoba from Agnico Eagle Mines and Capella Minerals, marking a strategic move to enhance their exploration portfolio. The acquisition involves a $250,000 cash payment and 8.7 million ONGold shares, giving Agnico Eagle a 15% stake in the company. This expansion is set to bolster ONGold’s presence in the Stull Lake Greenstone belt, positioning them as a prominent junior explorer in Northern Canada.
For further insights into TSE:ONAU stock, check out TipRanks’ Stock Analysis page.
