QC Copper and Gold ( (TSE:XXIX) ) has shared an update.
XXIX Metal Corp has entered into an agreement to sell its 100% interest in the Roger Project to Kintavar Exploration Inc. in an all-share deal, allowing XXIX to acquire a 19.9% stake in Kintavar without issuing new shares. This transaction enables XXIX to monetize a non-core asset while maintaining exposure to the Roger Project through Kintavar, which is well-financed and focused on gold exploration in eastern Chibougamau. The deal positions Kintavar as a key player in the region’s gold consolidation strategy, with significant resource estimates and strategic partnerships, enhancing its market presence and potential for stakeholders.
More about QC Copper and Gold
XXIX Metal Corp is a mining company listed on the TSX Venture Exchange, focusing primarily on the development of copper projects such as Opemiska and Thierry. The company is involved in the exploration and development of mineral resources, with a strategic interest in monetizing non-core assets.
YTD Price Performance: -11.25%
Average Trading Volume: 76,278
Technical Sentiment Signal: Buy
Current Market Cap: $18.71M
For a thorough assessment of XXIX stock, go to TipRanks’ Stock Analysis page.