Golden Arrow Resources ( (TSE:GRG) ) has shared an announcement.
Golden Arrow Resources has announced the initial closing of an option agreement with Mogotes Metals Inc. for the Mogote Copper-Gold Project in Argentina. As part of the agreement, Mogotes Metals has paid $550,000 in cash and acquired 9,000,000 units of Golden Arrow through a private placement, with plans to acquire a 100% interest in the project. This transaction is expected to provide Golden Arrow with working capital and a future royalty stream, potentially enhancing its financial position and influence in the mining sector.
More about Golden Arrow Resources
Golden Arrow Resources is a mining exploration company known for its successful track record in discovering and advancing precious and base metal deposits. The company is actively exploring its flagship property, the San Pietro iron oxide-copper-gold-cobalt project in Chile, along with a diverse portfolio of other projects.
YTD Price Performance: 26.67%
Average Trading Volume: 55,431
Technical Sentiment Signal: Buy
Current Market Cap: $6.18M
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