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GOLD'N FUTURES MINERAL CORP. (GFTRF) is a Canadian-based exploration company focusing on advancing its Hercules and Brady-Huxter gold projects. The company recently acquired mining claims in Newfoundland and Labrador, adding to its extensive portfolio. With a strategic partnership with SSAF Inc., Gold'n Futures is poised for significant growth.
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Gold'n Futures Mineral Corp. (GFTRF) announces amendments to the option agreement with Argonaut Gold Inc., restructuring payment terms and exploration obligations for the Hercules gold property. CEO Stephen Wilkinson highlights increased efficiency in project advancement and investor discussions. The amended terms include deferred payments, increased exploration expenditures, and removal of a pre-feasibility study obligation. The company also settles $60,000 in debts through the issuance of 6,000,000 common shares at $0.01 per share.
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Gold'n Futures Mineral Corp. is offering units at C$0.01 per unit for gross proceeds of up to C$130,000. Each unit consists of one common share and one common share purchase warrant. The warrants can be exercised at C$0.05 per share within 60 months from the closing date. The company has the right to accelerate the expiry date of the warrants if the share price reaches at least C$0.10 for 10 consecutive trading days.
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Gold'n Futures reports aggregated gold resources from recent acquisitions and exploration activities. The company has achieved five strategic acquisitions through property option deals, resulting in indicated gold resources of 11.4 million tonnes containing approximately 308,000 ounces and inferred gold resources of 49.1 million tonnes containing approximately 844,000 ounces. The costs for acquiring resources are a fraction of exploration and discovery costs. Gold'n Futures plans to expand its value through further acquisitions and drill campaigns.
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Gold'n Futures to acquire two mineral licenses to expand coverage of Mosquito Hill Gold Deposit
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Giga Metals announces positive pre-feasibility study for Turnagain Nickel-Cobalt Deposit
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Gold'n Futures enters into a binding LOI to acquire 100% interest in the Huxter Lane Claims in Newfoundland and Labrador. The acquisition will double the project area held by Gold'n Futures and add significant gold zones to its holdings. The presence of a large porphyry-style gold deposit within the property makes the asset valuable. The Mosquito Hill gold zones have historical drill intercepts with significant gold grades. The LOI includes issuing common shares and cash payments to the Holder over a period of up to 7 years. The transaction is subject to due diligence and regulatory approvals.
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Gold'n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC Pink: GFTRF) announced a non-brokered private placement of up to 18,000,000 units at $0.015 per unit, totaling approximately $270,000. The proceeds will be used to advance the Hercules project and for general working capital purposes.
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Gold’n Futures Mineral Corp. (CSE: FUTR, OTC: GFTRF) has amended its option agreement with Argonaut Gold Inc. for the Hercules gold property. The new terms offer deferred payment schedules and exploration obligations, allowing Gold’n Futures to acquire up to a 90% interest in the property by 2027. The company must pay Argonaut $3.5 million, with partial payments due by mid-2024, and incur $6.5 million in exploration expenses by 2025. The Hercules project boasts significant gold grades, enhancing Gold’n Futures' resource expansion potential.
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FAQ
What is the current stock price of GOLD'N FUTURES MINERL CP (GFTRF)?
The current stock price of GOLD'N FUTURES MINERL CP (GFTRF) is $0.002465 as of July 29, 2024.
What is the market cap of GOLD'N FUTURES MINERL CP (GFTRF)?
The market cap of GOLD'N FUTURES MINERL CP (GFTRF) is approximately 1.9M.
What are the core business operations of GOLD'N FUTURES MINERAL CORP.?
The company focuses on mineral exploration, with specific emphasis on advancing its Hercules and Brady-Huxter gold projects.
What recent achievements has GOLD'N FUTURES MINERAL CORP. made?
The company recently acquired mining claims in Newfoundland and Labrador, enhancing its project portfolio and strategic position in the market.
What projects is GOLD'N FUTURES MINERAL CORP. currently working on?
Gold'n Futures is actively advancing its Hercules and Brady-Huxter gold projects, with plans for extensive exploration and development activities.
Who are the key partners of GOLD'N FUTURES MINERAL CORP.?
The company has a strategic partnership with SSAF Inc., reflecting its commitment to forging beneficial collaborations in the industry.
GOLD'N FUTURES MINERL CP