Stocks in play: Element79 Gold Corp

Announced it has successfully reworked the final payment structure due for the portfolio of Nevada assets that were purchased and announced on December 23, 2021. As part of the terms of the updated payment agreement, the final $2,000,000 milestone payment due will be converted into a two-year, zero-coupon debt facility with convertibility options priced at $0.15 and a 10% default interest rate. Prepayment by the Company is possible with a 60-day advance notice and paid at a 10% premium to the principal amount remaining. Element79 Gold Corp shares C.ELEM are trading unchanged at $0.04.

Read:

• International Lithium Buyers Looking to South America to Fill Supply Gaps

• Race to Secure Critical EV Battery Metals Ahead of Chinese Dominance Fully Underway

• Help is on the Way as Rising Alzheimer’s Cases Highlight Urgency for New Treatments

• FDA’s Wave of Fast Track Designations Pushing Momentum in Healthcare Sector in 2023

• Interest in Gold Miners Increases as Bank Fiasco Causes Market to Seek Safe Haven Assets