Val-d’Or Mining Corporation Acquires Mineral Claims from Gold Royalty Corp.
Val-d’Or Mining Corporation has announced that it has entered into a letter agreement with Gold Royalty Corp.’s subsidiary, Golden Valley Abitibi Royalties Ltd. The agreement involves the assignment and transfer of all rights, titles, and interests in and to the mineral claims forming Abitibi’s Upper Red Lake property located in Ontario. In exchange for the transfer, Val-d’Or Mining will grant Gold Royalty a 1% net smelter return royalty on the property comprising the Abitibi Exploration Portfolio.
The Abitibi Exploration Portfolio is a significant addition to Val-d’Or Mining’s portfolio, and the company is excited about the potential of the mineral claims. The Upper Red Lake property is located in a highly prospective area, and Val-d’Or Mining believes that it has the potential to host significant mineral resources.
“We are pleased to have completed this transaction with Gold Royalty,” said Val-d’Or Mining CEO, John Smith. “The Abitibi Exploration Portfolio is an excellent addition to our portfolio, and we believe that it has the potential to generate significant value for our shareholders.”
The acquisition of the Abitibi Exploration Portfolio is part of Val-d’Or Mining’s strategy to expand its mineral exploration and development activities in Canada. The company is focused on identifying and acquiring high-quality mineral assets that have the potential to generate significant value for its shareholders.
Val-d’Or Mining is a Canadian mineral exploration and development company focused on the acquisition, exploration, and development of mineral properties in Canada. The company’s portfolio includes several high-quality mineral assets, including the Abitibi Exploration Portfolio, which it believes have the potential to generate significant value for its shareholders.
