Storm Exploration ( (TSE:STRM) ) has provided an update.
Storm Exploration Inc. announced the issuance of 2,092,686 common shares to Landore Resources Canada Inc. as part of an option agreement for the Miminiska and Keezhik properties. This move is part of a broader strategy to acquire a 100% interest in these properties, with the Optionor set to hold approximately 17.4% of Storm’s shares upon completion. The issuance of shares is subject to TSX Venture Exchange approval and involves a voluntary pooling arrangement and a hold period. This development is significant for Storm’s strategic positioning in the mineral exploration industry, potentially enhancing its asset base and market presence.
More about Storm Exploration
Storm Exploration Inc. is a Canadian mineral exploration company focused on discovering and developing economic precious and base metal deposits across four district-scale projects in northwest Ontario: Miminiska, Keezhik, Attwood, and Gold Standard.
Average Trading Volume: 34,047
Technical Sentiment Signal: Hold
Current Market Cap: $2.65M
For an in-depth examination of STRM stock, go to TipRanks’ Stock Analysis page.