Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Stratabound Minerals ( (TSE:LOD) ) just unveiled an update.
Lode Gold Resources Inc. has announced a scheduled shareholder meeting to approve a strategic spinout of its Gold Orogen division, which will operate as an independent exploration company. This move aims to enhance the company’s focus, providing shareholders with separate stakes in both entities. The spinout involves significant assets in promising geological areas in Yukon and New Brunswick, enhancing Lode Gold’s portfolio and positioning in the mining industry. The separation is expected to occur shortly after the shareholder meeting, contingent upon necessary approvals.
More about Stratabound Minerals
Lode Gold Resources Inc. operates in the mining industry, focusing on gold exploration and development. The company is involved in projects such as the Fremont Gold project, located on the Mother Lode Belt in Mariposa County, which has underground mining potential. Additionally, it is planning a spinout of Gold Orogen, an exploration-focused entity with significant assets in Yukon and New Brunswick.
YTD Price Performance: 19.44%
Average Trading Volume: 15,203
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.6M
See more data about LOD stock on TipRanks’ Stock Analysis page.
