Welcome to our dedicated page for Wolfden Res news (Ticker: WLFFF), a resource for investors and traders seeking the latest updates and insights on Wolfden Res stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wolfden Res's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wolfden Res's position in the market.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Wolfden Resources Corporation has announced a strategic agreement with Advance Lithium Corp for the acquisition of its Tetagouche Project located in New Brunswick's Bathurst Mining Camp. As part of this agreement, Advance Lithium will issue 19.9% of its shares to Wolfden and invest $3 million in the project, alongside additional cash or share payments totaling $750,000. Wolfden retains a 2% Net Smelter Return and has rights of refusal on claims sold or transferred. This transaction allows Wolfden to concentrate on its Pickett Mt Project in Maine while providing a financial stake in Advance Lithium's exploration endeavors.
Wolfden Resources Corporation has announced a significant milestone as the Maine Land Use Planning Commission has deemed its rezoning application complete for the Pickett Mountain Project. This project involves 374 acres being re-zoned to allow for a 1200 tonne per day underground mine, expected to sustain a workforce of 272 employees. Mined ore is rich in zinc, copper, lead, silver, and gold. The mine aims for environmental protection and regulatory compliance, with community support noted from surrounding towns. The application will undergo further review, including a public hearing under the Commission's Chapter 10 and Chapter 12 rules.
Wolfden Resources Corporation has submitted a re-zoning application to the Maine Land Use Planning Commission for a 374-acre portion of its Pickett Mountain Project. This proposal seeks to change the land designation from General Management to Planned Development, facilitating the construction and operation of a small-scale underground mine. The mine, projected to operate for 10-15 years at a capacity of 1,200 tonnes per day, is expected to create around 272 jobs. The project aims to align with environmental protections and has garnered community support, reflecting its potential for economic growth in a timber-based economy.
Wolfden Resources Corporation has completed a non-brokered private placement financing, raising $2.3 million through the issuance of 10,952,310 common shares at C$0.21 each. The proceeds will primarily fund the exploration and development of the Pickett Mountain high-grade polymetallic deposit in Maine. Certain insiders participated in this financing, which is classified as a related party transaction. The company intends to use exemptions from formal valuation and minority approval requirements under applicable regulations.
FAQ
What is the current stock price of Wolfden Res (WLFFF)?
What is the market cap of Wolfden Res (WLFFF)?
