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Waraba Gold Limited ( (TSE:WBGD) ) has shared an update.
Waraba Gold Limited announced a correction to its previous release regarding an earn-in agreement with Somaco in Ivory Coast. The company aims to acquire up to 80% of Somaco over four years by making payments totaling $2 million and fulfilling exploration commitments worth $5 million. Somaco holds two prospective gold licenses, the Sirasso and Tengrela Licenses, which are strategically located in mineral-rich regions. This agreement positions Waraba to expand its exploration footprint in a promising area, potentially enhancing its market position.
More about Waraba Gold Limited
Waraba Gold Limited is a resource exploration company focused on acquiring and exploring mineral properties. It is a reporting issuer in British Columbia and Alberta, with its common shares trading on the Canadian Securities Exchange under the symbol ‘WBGD’ and on the Frankfurt Stock Exchange under ‘ZE0’.
Average Trading Volume: 16,187
Technical Sentiment Signal: Buy
Current Market Cap: C$1.62M
For detailed information about WBGD stock, go to TipRanks’ Stock Analysis page.