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An update from Gitennes Exploration ( (TSE:REVX) ) is now available.
REV Exploration Corp. has completed its largest financing to date, closing concurrent private placements totaling $5.8 million without issuing warrants, led by a $2 million investment from Eric Sprott, who now holds about 12.6% of the company. REV has also increased its strategic exposure to Natural Hydrogen by exercising 2 million warrants to boost its stake in MAX Power Mining Corp. to 6 million shares, is advancing toward near-term drilling at its flagship Aden Dome Natural Hydrogen project in southeast Alberta, and has consolidated a 52,000-hectare land package in Quebec’s Chibougamau Gold Camp, including the drill-ready JMW property, as it pursues strategic options to unlock value from its gold and Natural Hydrogen assets.
More about Gitennes Exploration
REV Exploration Corp. is a mineral exploration company focused primarily on gold properties in Quebec, notably the JMW and Maxwell projects in the Chibougamau Gold Camp, while also building strong exposure to the emerging Natural Hydrogen sector in Alberta and Saskatchewan. The company holds 100% interests in a series of petroleum and natural gas leases along the Alberta-Montana border, including the drill-ready Aden Dome project, and maintains a significant equity stake in MAX Power Mining Corp., which controls Canada’s largest permitted land package for Natural Hydrogen in Saskatchewan.
Average Trading Volume: 162,899
Technical Sentiment Signal: Buy
Current Market Cap: C$21.79M
Find detailed analytics on REVX stock on TipRanks’ Stock Analysis page.