Welcome to our dedicated page for Gossan Resc news (Ticker: GSSRF), a resource for investors and traders seeking the latest updates and insights on Gossan Resc stock.
News and updates for Gossan Resources Limited (GSSRF) center on its mineral exploration programs, property transactions and royalty portfolio developments in Canada. The company reports that it holds exploration and development properties in Manitoba, Northwestern Ontario and Newfoundland, with a focus on projects such as the Glitter Property in the Sturgeon Lake Greenstone Belt and the Gander Gold Property in Newfoundland.
Investors following Gossan-related news can expect coverage of exploration activities, including geophysical surveys, till sampling programs and geochemical results. For example, the company has published detailed results from till sampling at the Gander Property, describing anomalous gold and associated elements and how these findings relate to structural and geophysical features. Updates may also discuss work at properties such as the Separation Rapids Lithium Project and the Pipestone critical metals project.
Corporate news items include information about sales or options on mineral claims, such as the sale of the Bird River Property to Grid Metals Corp., where Gossan retained a 2% net smelter returns royalty on the Bird River Claims. The company also issues news on its plans to organize its royalty portfolio, including the intention to place multiple royalties, such as those on silica sand and other deposits, into a dedicated subsidiary.
This news page aggregates these types of announcements so readers can monitor Gossan’s exploration progress, property-level developments and changes to its royalty interests. For those tracking GSSRF, it offers a single location to review recent company press releases and related market updates.
Gossan Resources has completed the sale of its Bird River Property to Grid Metals Corp. The transaction includes multiple payment components: a $500,000 initial cash payment, 1.5 million Grid shares, two annual cash payments of $300,000 each, and a 2% net smelter returns royalty. An additional $300,000 deferred payment will be due upon commencement of commercial production.
The consolidation of the Bird River Greenstone Belt under Grid's sole ownership has attracted Teck Resources to explore and develop the Mawka nickel project. Gossan shareholders now hold a royalty on a significant portion of the magmatic nickel-copper-PGM-cobalt discovery at Makwa, which is set to receive substantial investment from Teck.
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