ExGen Closes Nevada Lithium Acquisition, Adds 436 Claims Near Major Resource
BXXRF has more than doubled off its 52-week low of $0.008 on light trading volume (0.3× avg).
Summary
ExGen closed its acquisition of three Nevada lithium properties, securing 436 claims including the Spark South project adjacent to Surge Battery's 10.5Mt LCE resource. The deal, first announced in April, terminated a 1.5% NSR on 111 claims and adds two additional optioned properties. The closing follows Surge's May resource upgrade and $36M financing, underscoring district momentum. ExGen's early-stage ground sits next to a defined deposit, but no resource has been established on its own claims.
At the time of this announcement, BXXRF was trading at $0.07 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $9.3M. The 52-week trading range was $0.01 to $0.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.