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An announcement from Gitennes Exploration ( (TSE:REVX) ) is now available.
REV Exploration Corp. has announced a definitive agreement to acquire 41 mining claims, effectively doubling the size of its JMW Gold Property in the Chibougamau Camp, Quebec. This strategic expansion is expected to enhance REV’s exploration potential in a region that is currently experiencing significant activity, particularly with the success of neighboring projects. The transaction involves a cash payment, issuance of common shares, and a net smelter return royalty agreement, subject to regulatory approvals.
More about Gitennes Exploration
REV Exploration Corp. is a mineral exploration company that focuses on gold and battery metal properties in Quebec, particularly in the Chapais-Chibougamau area. The company also has significant interests in the Natural Hydrogen sector in Alberta and Saskatchewan, including 100% ownership of PNG leases along the Alberta-Montana border and a substantial equity position in MAX Power Mining Corp.
Average Trading Volume: 126,845
Technical Sentiment Signal: Buy
Current Market Cap: C$18.31M
For detailed information about REVX stock, go to TipRanks’ Stock Analysis page.