Golden Arrow Reports On Joint Ventures, Including Amended Option on Mogote Project for Cash and Equity and First Drilling at Caballos Project
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Golden Arrow Resources Corporation has amended its option agreement with Mogotes Metals for the Mogote Copper-Gold Project, allowing Mogotes Metals to acquire a 100% interest in exchange for cash, equity, and a net smelter returns royalty. Additionally, the first drilling at the Caballos Project has commenced.
February 11, 2025 | 12:15 pm
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Golden Arrow Resources has amended its option agreement with Mogotes Metals, allowing Mogotes to acquire a 100% interest in the Mogote Project for cash, equity, and a 1.5% NSR. This could enhance Golden Arrow's financial position and future revenue streams.
The amended option agreement provides Golden Arrow with immediate cash and equity, improving its financial position. The 1.5% NSR offers potential future revenue, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100