Goat Industries Stock Price, News & Analysis

GOAT Industries Ltd. announced the sad passing of Dr. Stewart Jackson, its independent qualified person, on April 11, 2023. Dr. Jackson had a distinguished career in geology and exploration, and the Company extends its condolences to his family and friends. In response to this loss, GOAT has appointed Isabelle Robillard, PGeo, as the new independent qualified person. The Company is focused on maximizing returns by investing in high-potential opportunities across various sectors. GOAT Industries remains committed to its strategies despite the challenges posed by the mining sector, including economic conditions and access to capital.

Goat Industries Ltd. (CSE: GOAT) has expanded its mineral portfolio by acquiring four new claims near significant lithium occurrences owned by Li-FT Power Ltd. and Patriot Battery Metals Inc. These claims are 5 km southwest of the Pontax Lithium occurrence and 3.5 km east of another lithium occurrence. Goat now boasts over 40 mapped lithium occurrences in Quebec, which include both exploration claims with historic lithium values and claims near active explorers. Additionally, Goat has acquired the Lacana-Doran property consisting of 1,925 hectares, and plans to assess historic reports there with potential partnerships for exploration.

Goat Industries has completed the acquisition of the Lacana-Doran Property in Quebec, Canada, furthering its strategic focus on high-potential assets. Comprising 1,925 hectares, this property includes multiple occurrences of lithium and uranium, with historic reported lithium values. Goat intends to maximize the property's value through divestiture to interested mining companies, rather than developing it. The acquisition was made by issuing 80 million common shares, valued at approximately $880,000, with a hold period until July 24, 2023. This transaction does not constitute a fundamental change to the company.

Goat Industries Ltd. has staked four new claims near Brunswick Exploration's PLEX Project in Quebec, expanding its potential for lithium mineralization assets. The PLEX Project is located close to significant lithium showings, approximately 80 km from the Corvette CV5 deposit. Brunswick plans to deploy a sampling team to confirm previous pegmatite intersections. Goat Industries does not intend to develop these claims but aims to maximize their value for future divestiture to mining companies, focusing on generating high returns for shareholders.

Goat Industries Ltd. has entered into two asset purchase agreements to acquire the Lacana-Doran Property, comprising 1,925 hectares in Quebec, Canada, for approximately $880,000. This property showcases potential for uranium and lithium mineralization and is targeted for geochemical sampling and drilling. Goat intends to maximize the property’s value for future divestiture rather than development. Additionally, Mr. Mohammad Sharifi joins the board, bringing expertise in marketing and digital communications. The transaction does not constitute a fundamental change for the company. Closing is subject to customary conditions, with shares issued at $0.011 each.

Goat Industries Ltd. has staked fifteen additional claims in Quebec, focusing on historic lithium occurrences. Six claims, named James Bay Claims, reveal lithium concentrations up to 75 ppm, adjacent to Patriot Battery Metals' Corvette Lithium Project. The Kangiqsualujjuaq Claims include four pegmatite-hosted occurrences with lithium values reaching 359 ppm. A Southern Claim, located near the Quebec-USA border, shows multiple lithium occurrences ranging from 30 ppm to 121 ppm. This expansion highlights Goat Industries' commitment to enhancing its resource portfolio in the lithium sector.

GOAT Industries has successfully acquired additional mining claims near the NAK Copper Discovery in British Columbia. These claims include a historic occurrence with potential copper mineralization, enhancing GOAT's strategic position in a known porphyry copper gold district. The recent drilling results from American Eagle Gold showed promising copper equivalent values. Furthermore, the Boliden Group is interested in the area, promising up to $90 million in funding. GOAT aims to capitalize on these developments to broaden its investment portfolio and create substantial returns.

Goat Industries Ltd. (CSE: GOAT) announced new developments regarding its Canadian lithium solvent extraction technology license from Ekosolve Ltd. This innovative technology boasts lithium extraction rates over 95% and reduces operating costs by over 90%, providing a more eco-friendly solution compared to traditional methods. Since acquiring the license, Goat has engaged in discussions for sub-licensing opportunities and initiated testing of lithium-rich brine solutions at Ekosolve’s lab. The Company emphasizes its commitment to generating maximum returns through strategic partnerships in the lithium sector.

Goat Industries Ltd. (CSE: GOAT) announced a debt settlement of $34,150 through the issuance of 683,000 common shares to a creditor for advisory services, priced at $0.05 per share. This strategic move allows the company to conserve cash for potential investments across various sectors. Additionally, GOAT issued 4,000,000 shares to former shareholders of Kojo Pet Performance Inc. as part of a performance milestone achievement. GOAT focuses on investing in high-potential companies to maximize returns.