Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Pacific Imperial Mines ( (TSE:PPM) ) has provided an announcement.
Pacific Imperial Mines Inc. has signed a revised option letter agreement to acquire a 100% interest in the Babine copper-focused exploration property in central British Columbia, a road-accessible project within the prolific Babine Porphyry Belt near the past-producing Granisle and Bell mines. The deal requires staged cash payments totaling $120,000, the issuance of 750,000 common shares, and exploration expenditures of $1.76 million by the end of 2029, after which Pacific Imperial would own the property subject to a 1.5% net smelter returns royalty, strengthening its exposure to porphyry copper targets in a proven district where recent regional drilling has highlighted the potential for deeper, more extensive mineralization and could enhance the company’s longer-term growth pipeline, pending TSX Venture Exchange approval.
More about Pacific Imperial Mines
Pacific Imperial Mines Inc., listed on the TSX Venture Exchange, is a Vancouver-based mineral exploration company focused on the acquisition, exploration, evaluation and development of mineral properties in lower-risk jurisdictions, with its current core efforts centered on the Brownell property in Saskatchewan.
Average Trading Volume: 152,214
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$827.6K
For an in-depth examination of PPM stock, go to TipRanks’ Overview page.