REV Exploration Expands Canadian Footprint with Acquisition of 72 Mining Claims

Gitennes Exploration ( (TSE:REVX) ) has provided an announcement.

REV Exploration Corp. has closed the acquisition of 72 additional mining claims and associated rights in Ontario and Quebec from an arm’s-length vendor, paying with 500,000 common shares that are subject to a four-month-plus-one-day hold period under securities laws. The newly acquired property is subject to a 1.5% net smelter returns royalty and the transaction remains contingent on customary conditions, including regulatory approvals and acceptance by the TSX Venture Exchange, positioning REV to expand its exploration footprint in key Canadian mining jurisdictions while modestly diluting existing shareholders through the share-based consideration.

More about Gitennes Exploration

REV Exploration Corp. is a Canadian mineral exploration company focused on gold and battery metal properties in Quebec, including its JMW and Maxwell projects in the Chibougamau Gold Camp, and it also has significant exposure to the emerging natural hydrogen sector in Alberta and Saskatchewan. The company holds 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and maintains a substantial equity position in MAX Power Mining Corp., which controls Canada’s largest permitted land package for natural hydrogen in Saskatchewan.

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Technical Sentiment Signal: Buy

Current Market Cap: C$16.35M

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