Velocity Minerals (TSE:VLC) has released an update.
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Velocity Minerals Ltd. is exploring strategic options, including the potential sale of its 70% stake in the Rozino gold deposit, which is at the prefeasibility stage and demonstrates significant sensitivity to gold price fluctuations. The company has extended its advisory engagement with Leede Jones Gable Inc. to assist in maximizing shareholder value through these strategic alternatives. Additionally, Dundee Precious Metals has indicated its intention to terminate the option agreement for the Iglika project by July 2024 after investing $3.5 million in exploration.
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