Eagle Royalties Ltd. (TSE:ER) has released an update.
Eagle Royalties Ltd. has expressed optimism about the recent drilling outcomes from Fathom Nickel’s Albert Lake Project, where significant nickel concentrations were found, resembling those of the historic Rottenstone Deposit. These promising results are pertinent to Eagle Royalties, as they hold a 2% net smelter royalty over the region, which can be reduced to 1% with a payment. The discovery of a large mineralized ultramafic body suggested by geochemical anomalies has prompted plans for further evaluation to guide future drilling.
For further insights into TSE:ER stock, check out TipRanks’ Stock Analysis page.
