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GREAT EAGLE GOLD CORP - GEGCF STOCK NEWS

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Great Eagle Gold Corp. is a Canadian public company listed in the U.S. and Germany, specializing in NatGold mining. NatGold combines gold's wealth protection, ESG principles, and digital asset innovation. The company acquires NI 43-101 certified gold resources to digitally mine into NatGold coins through OroEx Corp's tokenization ecosystem. Great Eagle's focus is on acquiring U.S. Patented Land Claims to monetize gold's value in an ESG-friendly manner.

President and Director Andrew Fletcher leads the company in building a globally focused enterprise with listings in the U.S. (OTC Pink: GEGCF), Frankfurt, and Canada. By offering private placement opportunities and stock options, Great Eagle aims to attract global investors and enhance shareholder value.

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Great Eagle Gold Corp. (GEGCF) has appointed Michelle Ash as Director and Chairwoman of the Board, replacing Chris Hansen who remains as Director. Laura Pacheco has resigned from the Board. Ash brings 30+ years of mining industry experience, notably serving as Chief Innovation Officer at Barrick Gold and COO at Acacia Mining. She specializes in digital transformation, innovation, and sustainable mining practices.

The company will host an Investor Information Webinar on November 7, 2024, focusing on updates regarding their progress in tokenizing certified in-ground gold resources and NatGold ecosystem developments. Great Eagle's business model centers on digital mining through blockchain technology, partnering with Abu Dhabi-based NatGold Digital

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The Canadian Investment Regulatory Organization (CIRO) has requested clarification from Great Eagle Gold regarding its June 24, 2024 press release about the Cahuilla Gold Project in California. The project was initially reported to have indicated gold resources of 1,420,660 ounces and inferred resources of 82,487 ounces. These resources are eligible for the minting of 584,761 NatGold coins, valued at over $560 million. Great Eagle clarified that these figures are based on a technical report dated March 10, 2021, prepared by Steven D. Craig in compliance with NI 43-101 standards. The coin valuation is based on the International NatGold Council's standards, with each NatGold Coin representing one certified ounce of gold valued at $958 per ounce. Further details on the calculation can be found on the council's website.

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Great Eagle Gold Corp. (CSE: GEGC, OTC Pink: GEGCF, FSE: GI8) announced the pre-approval for tokenizing its Cahuilla Gold Deposit in California into NatGold coins by OroEx Corp. The project has 1,420,660 indicated and 82,487 inferred gold resources, qualifying it for 584,761 NatGold coins valued over $560M. Of these, 470,733 coins will be retained by Great Eagle, with 47,073.3 allocated for shareholder dividends. The acquisition deal with Teras Resources totals $18,376,904, divided into two phases. Great Eagle aims to acquire 3 million ounces of tokenization-ready gold deposits by end-2024. The final tokenization approval is pending completion of the Definitive Agreement. A non-brokered private placement for up to $1M is also announced, with funds intended for due diligence, liabilities, and working capital.

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Great Eagle Gold Corp. (CSE: GEGC, OTC Pink: GEGCF, FSE: GI8) announced its shares are now trading on the U.S. OTC Pink Open Market, broadening its global reach. President Andrew Fletcher highlighted this as a strategic move for attracting international investors. Additionally, Great Eagle plans a private placement to raise up to $1,000,000. Each unit, priced at $0.35, includes a common share and a warrant, exercisable at $0.75 for 24 months. The funds will go towards acquisition due diligence, current liabilities, and working capital. The company also granted 60,000 stock options to its Environmental Committee.

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FAQ

What is the current stock price of GREAT EAGLE GOLD (GEGCF)?

The current stock price of GREAT EAGLE GOLD (GEGCF) is $0.15 as of October 7, 2024.

What is the market cap of GREAT EAGLE GOLD (GEGCF)?

The market cap of GREAT EAGLE GOLD (GEGCF) is approximately 23.6M.

What is Great Eagle Gold Corp. known for?

Great Eagle Gold Corp. is renowned for its focus on NatGold mining, combining gold's wealth protection, ESG principles, and digital asset innovation.

Where is Great Eagle Gold Corp. listed?

Great Eagle Gold Corp. is listed in the U.S. (OTC Pink: GEGCF), Frankfurt, Germany (FSE: GI8), and its principal listing is in Canada (CSE: GEGC).

Who leads Great Eagle Gold Corp.?

Andrew Fletcher serves as the President and Director of Great Eagle Gold Corp., leading the company's global enterprise vision and strategic initiatives.

What is the focus of Great Eagle Gold Corp.'s strategy?

Great Eagle Gold Corp.'s strategy revolves around acquiring NI 43-101 certified gold resources and digitally mining them into NatGold coins using the OroEx Corp tokenization ecosystem.

What opportunities does Great Eagle Gold Corp. offer to investors?

Great Eagle Gold Corp. provides private placement opportunities for investors, enabling them to participate in the company's growth and development plans.

How does Great Eagle Gold Corp. aim to enhance shareholder value?

Great Eagle Gold Corp. aims to enhance shareholder value by attracting global investors, offering stock options, and focusing on ESG-friendly digital mining processes.

GREAT EAGLE GOLD CORP

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23.62M
8.3%
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