TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Slam Exploration ( (TSE:SXL) ) has issued an update.
SLAM Exploration Ltd. has granted incentive stock options to its directors, officers, employees, and consultants, allowing them to acquire 2,900,000 common shares at an exercise price of $0.08. This move is part of the company’s strategy to incentivize its team as it continues its exploration activities, including a new bedrock gold discovery and ongoing work on its copper-nickel-cobalt project. The company’s operations are expected to benefit from cash and share payments received through project agreements, enhancing its financial position and potential for future growth.
More about Slam Exploration
SLAM Exploration Ltd. is a publicly traded resource company based in New Brunswick, specializing in mineral claim holdings. The company is actively engaged in exploration projects, including the Jake Lee Gold Project and the Goodwin Copper-nickel-cobalt project. SLAM operates as a project generator and has agreements that provide cash and share considerations, along with net smelter return royalties.
Average Trading Volume: 327,366
Technical Sentiment Signal: Buy
Current Market Cap: C$9.46M
See more insights into SXL stock on TipRanks’ Stock Analysis page.