Elevation Gold Mining Corporation (TSE:ELVT) has released an update.
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Elevation Gold Mining Corporation has filed for creditor protection under the CCAA in Canada and plans to extend this protection to the U.S. The company, facing financial challenges, is taking this step after a thorough review by its board and advisors, aiming to restructure and continue operations while maximizing stakeholder value. During this period, Elevation Gold will operate its beneficiation facilities but will temporarily halt active mining at the Moss Mine.
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