CMC Metals Facilitates North Bay’s Stake Increase in Bishop Gold Mill

CMC Metals ( (TSE:CMB) ) has shared an update.

CMC Metals Ltd. has announced a share purchase agreement with North Bay Resources Inc. (NBRI), enabling NBRI to increase its stake to 70% in the Bishop Gold Mill, located in Inyo County, California. This acquisition is part of a strategic move by NBRI, which has recently installed new gold extraction equipment at the mill, expecting a high recovery rate from its Fran Gold Project. This transaction includes a series of staggered cash payments to CMC Metals, signaling a robust partnership aimed at enhancing gold recovery operations at the Bishop Gold Mill.

More about CMC Metals

YTD Price Performance: 0.0%

Average Trading Volume: 240,425

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.22M

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