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Riverside Resources ( (TSE:RRI) ) has shared an update.
Riverside Resources has received conditional approval from the TSX Venture Exchange for the spin-out of Blue Jay Gold Corp., which will be voted on by shareholders in March 2025. This strategic move aligns with Riverside’s 2025 plans, allowing shareholders to gain direct exposure to Blue Jay Gold while Riverside retains royalties on its Ontario gold projects. The company has also engaged ICP Securities Inc. for automated market-making services, further positioning itself for growth and enhancing shareholder value.
More about Riverside Resources
Riverside Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is involved in gold, copper, and rare earth element projects across the U.S., Canada, and Mexico, and it maintains a portfolio of mineral royalties.
YTD Price Performance: 20.0%
Average Trading Volume: 48,335
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$11.22M
See more insights into RRI stock on TipRanks’ Stock Analysis page.