Element79 Gold (OTCPK:ELMGF) entered into an option agreement dated August 28, 2023 with Green Power Minerals Pty pursuant to which it has granted Green Power Minerals an option to purchase the Maverick Springs Project.
“By strategically divesting the Maverick Springs Project, we are positioning ourselves for greater financial health, reinforcing our commitment to maximizing shareholder value, creating a robust and streamlined portfolio while fostering a cohesive team approach to advance the development of our Lucero project in Peru through exploration to production in the coming 12-18 months; and the Clover and West Whistler projects in Nevada, which we believe both hold a significant opportunity for near-term resource development,” said James Tworek, CEO.