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Xcite Resources, Inc. ( (TSE:XRI) ) has issued an announcement.
Xcite Resources Inc. has entered into six amending agreements with Eagle Plains Resources Ltd. to postpone cash payments and work commitments related to its Athabasca uranium property portfolio. In exchange, Xcite will issue 150,000 common shares to Eagle Plains, reflecting a strategic move to manage its financial obligations while continuing its exploration efforts in the uranium sector.
More about Xcite Resources, Inc.
Xcite Resources Inc. is an early-stage exploration company focused on discovering and developing energy transition metals. The company is working on a uranium project portfolio in the Athabasca basin, aiming for high-grade discoveries using new geological modeling in a historically significant uranium camp.
Average Trading Volume: 47,543
Technical Sentiment Signal: Strong Sell
See more data about XRI stock on TipRanks’ Stock Analysis page.