trending Market Intelligence /marketintelligence/en/news-insights/trending/cn7twz2ui8fswg2kigd4ga2 content esgSubNav
In This List

Alliance shares up on purchase of more net smelter rights at Red Rice Lake

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Alliance shares up on purchase of more net smelter rights at Red Rice Lake

Alliance Mining Corp.'s shares rose by over 11% in Toronto on Feb. 14 after the company announced the purchase of net smelter rights on the Cud 1 and Cud 2 claim blocks at the Red Rice Lake gold property in Manitoba.

The company will pay C$10,000 for the purchase, to be settled in common shares based on a price of 5 Canadian cents per share.

Alliance recently acquired the NSR on four claim blocks at Red Rice Lake.

The company holds an option to acquire 100% of the Red Rice Lake property.