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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
See more insights into CMB stock on TipRanks’ Stock Analysis page.
