The latest announcement is out from Moneta Gold ( (TSE:STLR) ).
STLLR Gold Inc. has announced its intention to sell its non-core Loveland Nickel Property to Loyalist Exploration Limited. This transaction aligns with STLLR’s strategy to streamline its core business, focusing on its key gold projects. The deal involves an upfront cash payment, shares in Loyalist, and a net smelter royalty, potentially enhancing STLLR’s financial position and allowing it to concentrate resources on its primary gold projects.
More about Moneta Gold
STLLR Gold Inc. is a Canadian gold development company focused on advancing the Tower Gold Project in Ontario and the Colomac Gold Project in Northwest Territories. These projects have potential for long-life, large-scale operations and are surrounded by exploration land with favorable upside potential. The company is led by an experienced management team with a successful track record in advancing projects and operating mines.
YTD Price Performance: 14.94%
Average Trading Volume: 143,571
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$123.9M
For a thorough assessment of STLR stock, go to TipRanks’ Stock Analysis page.