Iconic Minerals ( (TSE:ICM) ) just unveiled an announcement.
Iconic Minerals Ltd. has announced the termination of its option agreement with Gold Basin Resources Corporation regarding the New Pass gold property in Nevada. The agreement was terminated due to Gold Basin’s failure to meet the agreed conditions, leaving them with no interest in the property. The New Pass project, which contains significant inferred mineral resources of gold and silver, remains under Iconic’s control, potentially impacting its strategic operations and market positioning in the mining sector.
More about Iconic Minerals
Iconic Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in the extraction of gold and silver resources, with a market focus on properties located in Nevada, USA.
YTD Price Performance: 50.0%
Average Trading Volume: 187,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.21M
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