Renegade Gold ( (TSE:RAGE) ) has shared an update.
Renegade Gold Inc. has amended the terms of its purchase option agreements for the Satterly Gold and Uchi Gold properties, opting to issue common shares instead of cash payments to the optionors. This move allows Renegade to secure a 100% interest in both projects, subject to net smelter returns royalties, pending approval from the TSX Venture Exchange. These amendments are part of Renegade’s strategy to strengthen its position in the Red Lake mining district, potentially enhancing its exploration capabilities and stakeholder value.
More about Renegade Gold
Renegade Gold Inc. is a growth-focused company involved in the acquisition, exploration, and development of mineral properties in the Red Lake Mining District of Northern Ontario. The company has assembled a large land package in the region, covering over 89,600 hectares, with significant potential for gold and critical minerals, strategically located near major mines and deposits.
YTD Price Performance: -17.65%
Average Trading Volume: 97,218
Technical Sentiment Signal: Buy
Current Market Cap: C$7.27M
Learn more about RAGE stock on TipRanks’ Stock Analysis page.