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Storm Exploration ( (TSE:STRM) ) just unveiled an update.
Storm Exploration Inc. has entered into an agreement to sell its interest in the Miminiska Project to European Electric Metals Inc. for a total consideration of $5,812,500, comprising cash and shares. This transaction will provide Storm with the financial resources to focus on exploring its Keezhik, Attwood, and Gold Standard properties, while retaining potential benefits from future discoveries at Miminiska through shares in European Electric Metals.
More about Storm Exploration
Storm Exploration Inc. operates in the mineral exploration industry, focusing on the acquisition and development of mineral properties. The company is engaged in exploring district-scale properties with significant geological potential, particularly in the gold sector.
YTD Price Performance: 54.61%
Average Trading Volume: 25,871
Technical Sentiment Signal: Hold
Current Market Cap: C$4.86M
For an in-depth examination of STRM stock, go to TipRanks’ Overview page.