Storm Exploration Converts Payment to Shares for Gold Project Expansion

Storm Exploration ( (TSE:STRM) ) has issued an update.

Storm Exploration Inc. announced its decision to convert a cash installment payment into shares, issuing over 8 million common shares as part of an option agreement with Landore Resources Canada Inc. This move is part of their strategy to acquire a 100% interest in the Miminiska and Keezhik properties, which are believed to have significant gold deposits. The Miminiska project is particularly promising with high-grade gold mineralization confirmed through drilling, and further exploration is planned to expand these findings.

More about Storm Exploration

Storm Exploration Inc. is a Canadian mineral exploration company focused on discovering and developing economic precious and base metal deposits on four district-scale projects in northwest Ontario, including Miminiska, Keezhik, Attwood, and Gold Standard.

YTD Price Performance: -20.0%

Average Trading Volume: 13,743

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.86M

For a thorough assessment of STRM stock, go to TipRanks’ Stock Analysis page.