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Zodiac Gold Inc ( (TSE:ZAU) ) has shared an update.
Zodiac Gold Inc. has extended its exclusivity period with Avesoro Resources to finalize a strategic transaction involving the transfer of mineral exploration licenses for the Todi Project. This extension allows both parties more time to negotiate terms, which include a cash payment and a royalty agreement. The transaction could significantly impact Zodiac Gold’s operations by potentially providing financial benefits and aligning with Avesoro’s established mining operations in West Africa.
More about Zodiac Gold Inc
Zodiac Gold Inc. is a West African gold exploration company focused on its flagship Todi Project in Liberia, a mining-friendly jurisdiction with significant gold and iron ore deposits. The company is strategically positioned along the Todi Shear Zone, developing a district-scale gold opportunity with additional iron ore potential across a vast land package.
Average Trading Volume: 161,202
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$34.96M
See more data about ZAU stock on TipRanks’ Stock Analysis page.