Welcome to our dedicated page for Elray Resources news (Ticker: ELRA), a resource for investors and traders seeking the latest updates and insights on Elray Resources stock.
Elray Resources Inc (ELRA) news coverage provides investors with updates on this natural resources company's activities and developments. As a micro-cap company in the resource exploration sector, news coverage for Elray Resources typically includes information on property acquisitions, exploration results, financing activities, and corporate developments.
Resource sector news can significantly impact stock valuations. For exploration companies like Elray Resources, material announcements may include drill results, resource estimates, regulatory permits, partnership agreements, and capital raising activities. These developments help investors assess project progress and company direction.
Following news for junior resource companies requires understanding the speculative nature of exploration activities. Not all exploration efforts result in commercial discoveries, and project timelines often extend over multiple years. Regular news monitoring helps investors track milestone achievements and assess whether exploration programs are advancing toward potential value creation.
Bookmark this page to receive news updates for Elray Resources Inc and stay informed about developments that may affect ELRA stock. Stock Titan aggregates news from multiple sources to provide timely coverage of company announcements and industry developments relevant to this resource exploration company.
Elray Resources Inc. (OTCPK:ELRA) has completed the sale of its proprietary crypto iGaming technology to 180 Life Sciences Corp. (NASDAQ:ATNF). As compensation, Elray received preferred stock convertible into a 40% stake in ATNF and warrants to purchase 3 million shares of ATNF common stock, subject to stockholder approval. The technology will be used to launch an iGaming Blockchain casino. According to CTO Vincent Cai, this strategic move aims to enhance Elray's financial position and create new revenue opportunities through market collaborations.
Elray Resources Inc. (OTCPK:ELRA) has signed its first operator, Maxibet Technology N.V., to launch a blockchain casino. This platform, expected to operate globally under the brand name Maxibet, taps into the growing crypto gambling sector, which is forecast to reach $93 billion by 2024. Elray's cofounder, Cathy Feng, expressed confidence in the potential success of Maxibet and its offerings. The announcement also highlighted an exclusive agreement with Golden Matrix Group to provide top-tier gaming content. This marks a significant advancement for Elray as it commercializes its crypto gaming technology.
Elray Resources Inc. (OTCPK: ELRA) has announced the acquisition of Online Casino Crypto Technology from Luxor Capital LLC, which will enable the launch of its Elray Blockchain System (EBS) for crypto gaming operators in the near future. Additionally, Elray secured an Exclusive Distribution Agreement with Golden Matrix Group Inc. (NASDAQ: GMGI) to access all gaming content for crypto operators, enhancing its B2B online crypto casino offerings. The global crypto gambling market is projected to reach $93 billion by 2024, highlighting significant growth potential for Elray.
Elray Resources Inc. (OTCPK: ELRA) has confirmed its official Twitter account amidst false claims from unrelated parties. The verified account can be found at twitter.com/ELRA_Official. The company recently updated its OTC Company Profile to include this information and plans to use the account for future public updates. Founded in 2004, Elray Resources is restructuring to capitalize on opportunities in e-commerce IP.
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