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Trailbreaker Resources Ltd ( (TSE:TBK) ) just unveiled an update.
Trailbreaker Resources Ltd. has received approval from the TSX Venture Exchange for an option agreement to acquire a 100% interest in the Wheaton Gold property in northwestern British Columbia. This strategic acquisition, located in a historically gold-rich area, positions Trailbreaker to enhance its portfolio and potentially increase shareholder value. The agreement involves staged payments and expenditures over five years, with the Optionor retaining a 2.0% Net Smelter Return royalty, which can be reduced to 0.5% through a cash payment.
More about Trailbreaker Resources Ltd
Trailbreaker Resources is a mining exploration company focused on mining-friendly regions such as British Columbia and Yukon Territory in Canada. The company is dedicated to continuous exploration and research, maintaining a portfolio of quality mineral properties to provide value for shareholders. Trailbreaker has an experienced management team with a proven track record in exploration and development across the Yukon Territory, British Columbia, Alaska, and Nevada.
Average Trading Volume: 24,585
Technical Sentiment Signal: Sell
Current Market Cap: C$13.61M
Find detailed analytics on TBK stock on TipRanks’ Stock Analysis page.