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American Creek Resources ( (TSE:AMK) ) has issued an update.
American Creek Resources Ltd. has received a termination notice from Cunningham Mining Ltd. regarding their arrangement agreement, which American Creek deems invalid. Cunningham Mining alleged that American Creek failed to disclose critical information regarding a revised permit related to the Treaty Creek Project. American Creek disputes these claims, stating that all relevant information was disclosed and known to all parties involved. The company maintains that the agreement is still in effect and awaits payment from Cunningham Mining.
More about American Creek Resources
American Creek Resources Ltd. is involved in the mining industry and is a partner in the Treaty Creek Project, a joint venture located in British Columbia’s ‘Golden Triangle.’ The company holds a 20% interest in this project, which is carried fully until a production notice is issued, meaning no exploration or development costs are incurred by American Creek until then.
YTD Price Performance: -18.87%
Average Trading Volume: 254,973
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$96.64M
See more data about AMK stock on TipRanks’ Stock Analysis page.
