Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

NORTH ARROW SELLS ORO GOLD PROPERTY, NUNAVUT

by July 3, 2024
July 3, 2024
NORTH ARROW SELLS ORO GOLD PROPERTY, NUNAVUT

North Arrow Minerals Inc. (TSXV: NAR) (‘ North Arrow’) is pleased to announce it has entered into an asset purchase agreement with Agnico Eagle Mines Limited under which North Arrow has sold its 100% interest in the Oro Gold Property, Nunavut for cash consideration of $1,750,000 .

Ken Armstrong , President and Chief Executive Officer of North Arrow, stated, ‘We are very pleased to finalize this sale of the Oro gold property, representing a non-dilutive injection of cash in support of North Arrow’s ongoing work to identify new exploration opportunities and to evaluate our existing portfolio of Canadian lithium and diamond exploration properties.’

About North Arrow Minerals

North Arrow is a Canadian based exploration company focused on the identification and evaluation of exploration opportunities in Canada . North Arrow’s management, board of directors and advisors have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany lithium projects (NWT) and also owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) diamond projects. North Arrow’s exploration programs are conducted under the direction of Kenneth Armstrong , P.Geo. (NWT/NU, ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.

North Arrow Minerals Inc.

/s/ ‘Kenneth A. Armstrong’
Kenneth Armstrong
President and CEO

Website: www.northarrowminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains ‘forward-looking statements’ including but not limited to statements with respect to North Arrow’s plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

SOURCE North Arrow Minerals Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/02/c4886.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Skydance and National Amusements near Paramount deal as special committee reviews terms
next post
Chen Lin: Silver’s Move to US$50 Will be Quick, How I’m Investing Now

Related Posts

Top 5 US Oil and Gas Dividend Stocks...

January 16, 2025

Impact Minerals Limited

April 19, 2024

UAE the Top Destination for Smuggled African Gold...

June 4, 2024

Portofino Closes Acquisition of the Drill-Ready Yergo Lithium...

September 27, 2023

Europe’s Push For EV Rides The Way For...

March 13, 2024

Don Hansen: Gold, Silver Price Potential Not Just...

April 16, 2024

RETRANSMISSION: Spearmint Acquires the Sisson North Tungsten Project

February 14, 2025

Opawica Explorations Intersects a 60 Meter Mineralized Zone...

April 17, 2025

Cartier Unveils VRIFY-Generated AI Model Highlighting Key Discovery...

July 10, 2025

5 Top Weekly TSXV Stocks: Noram Lithium Keeps...

June 24, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Gold’s Meteoric Rise: Can the Price Break US$4,000 in 2025?

    • COB: Repayment of Promissory Note

    • Lo Herma Resource Drilling Timing Confirmed

    • Reinstatement to Quotation

    • Tariff Talks: Swiss Propose Investment in US Gold Refining

    Categories

    • Business (1,395)
    • Investing (2,975)
    • Politics (3,699)
    • Stocks (1,807)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved