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An update from Wolfden Resources ( (TSE:WLF) ) is now available.
Wolfden Resources has agreed to sell a 3,770-acre parcel of timberland in Maine for $2.1 million, retaining mineral exploration rights for five years. This non-dilutive financing allows Wolfden to maintain ownership of valuable high-grade mineral deposits on the remaining land, while an amended agreement with Altius Royalty Corporation adjusts their timber and carbon rights and includes options for equity conversion. This transaction is expected to close by the end of January 2025, subject to regulatory approval, and reflects strategic financial management to support Wolfden’s exploration projects.
More about Wolfden Resources
Wolfden Resources Corporation is a North American exploration and development company that focuses on high-margin metallic mineral deposits, including precious, base, and strategic metals. The company has two nickel sulphide deposits in Manitoba and one of the highest-grade polymetallic projects in the USA, representing significant development projects with potential to be domestic sources of ethically produced base and critical metals in North America.
YTD Price Performance: -9.09%
Average Trading Volume: 110,507
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$8.24M
For detailed information about WLF stock, go to TipRanks’ Stock Analysis page.
