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.