RJK also optioned the Peddie kimberlite pipe from First Cobalt and can earn a 50% interest in that property.

The company issued 1.75 million flow-through shares at a price of $8.35 per share. The deal is expected to close on or about Nov. 17.

Something has changed in the gold industry.

The solution integrates with Tradewind’s existing VaultChain products, which present information on precious metal throughout the supply chain, including the name and geography of the mine where the metal was produced.

HighGold intends to use the net proceeds from the common share offering for ongoing exploration and development work on its properties.

The PEA looks at a high grade (3.23 g/t gold and 78 g/t silver) conventional open pit operation that would cost C$303 million to reach production.