The latest update is out from ExGen Resources ( (TSE:EXG) ).
ExGen Resources Inc. has secured a right of first refusal (ROFR) and a C$750,000 unsecured convertible loan with a private company for the Spark South lithium project in Elko County, Nevada. This strategic move allows ExGen to potentially increase its stake in the high-grade lithium district, enhancing its position in the North American lithium market. The ROFR agreement grants ExGen the option to convert the loan into shares of the vendor, offering a significant opportunity to expand its interests in the region.
More about ExGen Resources
ExGen Resources Inc., formerly known as Boxxer Gold Corp, is a project accelerator that focuses on funding exploration and development through joint ventures and partnership agreements. This strategy helps reduce technical and financial risks while maintaining exposure to new discoveries and potential cash flow. ExGen aims to build a diverse portfolio of projects across various stages of exploration and commodity groups, currently holding six projects in Canada and the US.
YTD Price Performance: -6.25%
Average Trading Volume: 20,429
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.79M
For an in-depth examination of EXG stock, go to TipRanks’ Stock Analysis page.