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An update from Puma Exploration ( (TSE:PUMA) ) is now available.
Puma Exploration Inc. has successfully completed transactions with NB Gold Inc. and Comet Lithium Corporation for the McKenzie Gold Project. This acquisition allows Puma to secure a 70% interest in the project, strategically located near its flagship Williams Brook Gold Project, enhancing its exploration capabilities and positioning within the gold exploration industry. The agreements include share issuances and cash payments, with Comet retaining a 2% net smelter return royalty and NB Gold’s interest being free-carried until certain expenditures are met.
More about Puma Exploration
Puma Exploration Inc. is a company operating in the mining industry, primarily focused on gold exploration. The company’s market focus includes strategic projects located in proximity to its Williams Brook Gold Project, leveraging its low-cost exploration methods.
YTD Price Performance: 6.25%
Average Trading Volume: 157,877
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$15.04M
Find detailed analytics on PUMA stock on TipRanks’ Stock Analysis page.