MONTAUK METALS INC - GAYGF STOCK NEWS

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Montauk Metals Inc. (GAYGF) is a company operating in the precious metals sector. Formerly known as Galway Gold Inc., the company recently changed its name to Montauk Metals Inc. after shareholders' approval. The stock is expected to trade on the TSXV under the ticker 'MTK'. Montauk Metals Inc. is focused on exploring, developing, and producing precious metals assets. The company's commitment to operational excellence and sustainable practices sets it apart in the industry.

07/18/2023 07:40 PM

News

Galway Gold Announces Name Change to Montauk Metals Inc.

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Galway Gold Announces Adoption of Revised Stock Option Plan

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Galway Gold Inc. has successfully amended its equity incentive plan, adopted by shareholders on December 14, 2022, during the Annual General and Special Meeting. The revised plan features a 10% rolling stock option component, reserving an aggregate of 4,162,798 shares for issuance as of the meeting date. This amendment aligns with the TSX Venture Exchange's updated Policy 4.4 on Security Based Compensation, introduced in November 2021. For further details, the full text of the plan is available in the Company’s information circular released on November 10, 2022, accessible at www.sedar.com.

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Galway Gold Provides Update on Arbitration Process

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Galway Gold Inc. provides an update on its arbitration claim against Colombia under the Canada-Colombia Free Trade Agreement. The ongoing arbitration seeks compensation for losses due to Colombia's prohibition on mining in the páramos. An encouraging decision in a related arbitration involving Eco Oro, which found Colombia liable, may positively influence Galway Gold's claims. A hearing on jurisdiction and liability for Galway Gold is set for June 20-24, 2022. Final damages will be determined in a subsequent phase. More updates on the arbitration proceedings will follow.

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FAQ

What is the market cap of MONTAUK METALS (GAYGF)?

The market cap of MONTAUK METALS (GAYGF) is approximately 1.4M.

What is Montauk Metals Inc. (GAYGF) known for?

Montauk Metals Inc. is a company in the precious metals sector, specializing in exploration, development, and production of assets.

Why did Montauk Metals Inc. change its name from Galway Gold Inc.?

The name change was authorized by shareholders at a meeting, aligning the company's brand with its focus on precious metals.

What is the stock ticker symbol for Montauk Metals Inc. on the TSXV?

The stock is expected to trade under the ticker 'MTK' on the TSXV following the name change.

What are the core values of Montauk Metals Inc.?

Montauk Metals Inc. is committed to operational excellence and sustainable practices in the precious metals industry.

How does Montauk Metals Inc. differentiate itself in the market?

The company's dedication to excellence and sustainability sets it apart, ensuring long-term value creation.

What is the focus of Montauk Metals Inc.'s operations?

Montauk Metals Inc. focuses on exploration, development, and production of precious metals assets to drive growth and value for shareholders.

What can investors expect from Montauk Metals Inc. in the future?

Investors can anticipate continued growth, innovation, and value creation from Montauk Metals Inc. as it capitalizes on opportunities in the precious metals sector.