Transition Metals and Aurum Lake Mining Provide Update on Homathko Gold Project
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Transition Metals Corp and Aurum Lake Mining Corporation have provided an update on their Homathko Gold Project in British Columbia. Aurum has the option to acquire a 100% interest in the project from Transition Metals under an agreement made in December 2022.
March 17, 2025 | 12:45 pm
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Transition Metals Corp has granted Aurum Lake Mining the option to acquire full interest in the Homathko Gold Project, potentially impacting its asset portfolio.
The update on the Homathko Gold Project involves a significant asset transaction for Transition Metals, as it could lead to a change in their asset holdings if Aurum exercises the option. However, the immediate impact on stock price is neutral as the transaction is not yet finalized.
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