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Wallbridge Mng Co ( (TSE:WM) ) just unveiled an announcement.
Wallbridge Mining Company Limited has entered into an option agreement to sell its N2 property to Formation Metals Inc. Under the terms of the agreement, Formation Metals can acquire full ownership by making a series of payments, share issuances, and work expenditures totaling $5,000,000. This strategic move allows Wallbridge to focus on its core gold projects in Québec, potentially enhancing its market position by reallocating resources towards its primary operations.
More about Wallbridge Mng Co
Wallbridge Mining Company Limited is engaged in the exploration and sustainable development of gold projects, primarily focusing on the Detour-Fenelon Gold Trend in Québec’s Northern Abitibi region. The company is advancing its Fenelon and Martiniere Gold projects, which together hold significant indicated and inferred gold resources over an extensive exploration area.
YTD Price Performance: 8.33%
Average Trading Volume: 572,531
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$71.46M
For a thorough assessment of WM stock, go to TipRanks’ Stock Analysis page.
