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Wallbridge Mng Co ( (TSE:WM) ) has issued an update.
Wallbridge Mining Company Limited has unveiled its 2025 exploration and technical study plans for the Fenelon and Martiniere Gold projects, with a focus on completing an updated Preliminary Economic Assessment (PEA) for Fenelon and conducting extensive drilling at Martiniere. The company aims to optimize its operations and reduce costs by adopting a phased development approach at Fenelon. Approximately 65% to 80% of the drilling efforts will target the Martiniere gold system, with the remaining efforts directed towards discovering new opportunities within their expansive property. Wallbridge’s activities are fully funded, and the company holds a cash balance of $21.2 million as of December 31, 2024. This strategic move is expected to unlock significant value and enhance stakeholder engagement.
More about Wallbridge Mng Co
Wallbridge Mining Company Limited is engaged in the mining industry, focusing on gold exploration and development projects. The company’s primary operations are centered around its flagship Fenelon Gold and Martiniere Gold projects in northwestern Quebec, Canada, where it also explores regional gold targets.
YTD Price Performance: 8.33%
Average Trading Volume: 497,245
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$71.46M
See more data about WM stock on TipRanks’ Stock Analysis page.
