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Palisades Goldcorp Ltd. ( (TSE:PALI) ) has shared an update.
Palisades Goldcorp’s subsidiary Made in America Gold Corp. has closed the acquisition of Undercover Gold Inc., adding the South Cortez and South Tonkin properties and expanding its Nevada land position by about 73 km². The new ground lies just six kilometers south of the Tier 1 Goldrush and Fourmile deposits and targets classic Carlin-type gold mineralization in favorable lower-plate rocks at accessible depths.
Following the deal, MIAG now controls roughly 800 km² along the Battle Mountain–Eureka trend, solidifying its status as the largest junior claim holder in Nevada and giving it a substantial portfolio adjacent to multiple world‑class operations. Under the transaction, Undercover shareholders received a 10% equity stake in MIAG, existing royalties were preserved, and additional net smelter royalties were structured for NewQuest and Palisades shareholders, underscoring the long‑term value‑sharing framework tied to future discoveries and production.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a Canadian resource investment company focused on precious metals, with its subsidiary Made in America Gold Corp. concentrating on gold exploration in Nevada. MIAG targets Carlin-type gold systems across roughly 800 km² in the state’s key gold trends, positioning itself as the largest junior mineral claim holder in Nevada, adjacent to major producers such as Nevada Gold Mines, SSR Mining, McEwen Mining and I-80 Gold.
Average Trading Volume: 38,086
Technical Sentiment Signal: Buy
Current Market Cap: C$163.4M
See more data about PALI stock on TipRanks’ Stock Analysis page.