An announcement from Trench Solutions ( (TSE:PAT) ) is now available.
Patterson Metals Corp., a company listed on the TSX Venture Exchange, has announced its acquisition of Pendleton Lake Exploration Corp., which holds rights to the Pendleton Lake Uranium project in the Athabasca Basin. This acquisition aligns with Patterson Metals’ strategy to expand its portfolio of exploration-stage uranium projects. The Pendleton Lake project, known for its historical high-grade uranium samples, is seen as a significant opportunity for the company and its stakeholders. The acquisition involves the issuance of 500,000 common shares to Pendleton Lake’s existing shareholder and requires exploration expenditures of $500,000 over five years. The deal is subject to regulatory approval and customary closing conditions.
More about Trench Solutions
YTD Price Performance: -1.79%
Average Trading Volume: 5,435
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$3M
Learn more about PAT stock on TipRanks’ Stock Analysis page.