Company is raising C$85 million through a subscription receipt offering with a group of investors that will result in a new board and management, as well as a new name.

Since starting an exploration program at Magino in July 2019, the company has drilled 48,000 metres at the property.

Company has temporarily reduced the size of its workforce at the underground mine in Quebec, affecting 437 workers.

Total inferred resources more than doubled, to 18.1 million oz. of silver-equivalent.

An uptake in battery technology has driven greater investment in nickel, cobalt, rare earths and lithium.

Bank has earned record revenue of around $1 billion so far this year from trading, storing and financing precious metals, vastly outperforming rival banks.

Ghana’s Minister for Lands and Natural Resources said this goal is achievable as production hasn’t stopped.

Company has confirmed a zone of gold soil geochemical anomalies in the southwest region of its Golden Promise gold Property.