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Quadro Resources ( (TSE:QRO) ) has provided an update.
Quadro Resources Ltd. announced that TRU Precious Metals Corp. has exercised its Initial Option to acquire a 51% interest in Quadro’s Staghorn Property in Newfoundland and Labrador. This development marks a significant milestone in the partnership between the two companies, with TRU now having the opportunity to further increase its stake by an additional 14% within a 30-day period. The exercise of this option demonstrates TRU’s commitment to advancing the Staghorn project, potentially enhancing the property’s development and exploration prospects.
More about Quadro Resources
Quadro Resources Ltd. is a publicly traded mineral exploration company focused on advancing gold exploration projects across North America. It is listed on the TSX Venture Exchange under the ticker symbol ‘QRO’ and holds a 49% ownership interest in the Staghorn property, which is optioned to TRU Precious Metals Corp., and fully owns the Long Lake property.
Average Trading Volume: 53,938
Technical Sentiment Signal: Buy
Current Market Cap: C$997.9K
For a thorough assessment of QRO stock, go to TipRanks’ Stock Analysis page.