Palisades Goldcorp Ltd. ( (TSE:PALI) ) has provided an update.
Palisades Goldcorp Ltd. has announced the renaming of its wholly-owned Nevada subsidiary to Made in America Gold Corp. This subsidiary is now the third largest mineral claim holder in Nevada, with over 10,000 claims along the Battle Mountain Trend. The strategic acquisition of land at the bottom of the mining cycle has positioned Made in America Gold advantageously in the gold mining sector, avoiding costly option payments and commitments. The company also retains a 3.0% NSR royalty on the Atlanta Gold Mine Project, indicating a strong foothold in the region. The rebranding and strategic positioning are expected to enhance its operations and market presence.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies in the resource and mining sector. It aims to acquire equity in pre-initial public offering and early-stage public resource companies with undeveloped or undervalued high-quality projects. The company is listed on the TSX Venture Exchange under the symbol ‘PALI’ and holds a diverse portfolio of securities and derivatives.
YTD Price Performance: -2.60%
Average Trading Volume: 20,571
Technical Sentiment Signal: Buy
Current Market Cap: C$74.65M
Learn more about PALI stock on TipRanks’ Stock Analysis page.