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An update from QcX Gold ( (TSE:QCX) ) is now available.
QcX Gold Corp. has completed the acquisition of several mining claim blocks in the Batchawana Bay area of northern Ontario. This strategic acquisition, involving the issuance of 6,000,000 common shares and a cash payment, positions the company to enhance its exploration potential. Additionally, a 3% net smelter returns royalty has been granted to the vendor, with an option for QcX to reduce it to 1.5%. This move is expected to bolster QcX Gold’s operational capabilities and strengthen its position in the mining industry.
More about QcX Gold
QcX Gold is a company focused on exploring gold and VMS style mineralization in Québec, Canada. Its key projects include the Golden Giant Project in the James Bay region and the Fernet Project in the Abitibi Greenstone Belt, both strategically located near major discoveries.
Average Trading Volume: 19,184
Technical Sentiment Signal: Buy
Current Market Cap: C$2.77M
See more insights into QCX stock on TipRanks’ Stock Analysis page.