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Stuve Gold Corp. ( (TSE:STUV) ) just unveiled an update.
Stuve Gold Corp. has closed the arm’s-length acquisition of the 3,100-hectare Las Animas property in Chile’s IOGC belt, near the Monto Verde open pit copper mine, effective March 27, 2026. The transaction, valued at CAD $800,000, was settled through the issuance of 3,333,333 common shares at a deemed price of $0.24 per share to Minera Auberon SpA, correcting an earlier misidentification of the vendor.
The newly issued shares are subject to a hold period of four months and one day, and the acquisition remains contingent on TSX Venture Exchange approval. The deal expands Stuve Gold’s footprint in a key Chilean copper district, potentially enhancing its exposure to multi-metal exploration upside while modestly diluting existing shareholders through the share-based consideration.
More about Stuve Gold Corp.
Stuve Gold Corp. is a Calgary-based mineral exploration company focused on advancing properties in Chile. Its portfolio targets gold, copper, silver, cobalt and uranium prospects, many of which exhibit potential indicated by historical mining activities. The company’s common shares trade on the TSX Venture Exchange under the symbol STUV.
Average Trading Volume: 20,370
Technical Sentiment Signal: Buy
Current Market Cap: C$5.04M
See more insights into STUV stock on TipRanks’ Stock Analysis page.