Announced that further to its news release dated November 27, 2023, the Company has issued 1,000,000 common shares and made a $90,000 payment pursuant to the Project 176 and Project Itza Option Agreement dated November 27, 2023. The common shares issued pursuant to the Agreement are subject to a four month and one day statutory hold period. Jag Bal, President, and CEO of Lexston states, “This acquisition in the Thelon Basin represents a good opportunity in a uranium rich basin that has similar potential to the Athabasca Basin. Historical data shows the potential for high-grade uranium deposits in the region and has triggered a staking rush at the basin, with other companies including Atha Energy (TSXV: SASK) active in the region.” Lexston Mining Corporation shares C.LEXT are trading unchanged at $0.08.
Stocks in play: Lexston Mining Corporation
Baystreet.ca - Baystreet - Contributor Content
This article could contain syndicated content. We have not reviewed, approved, or endorsed the content and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here