Source: GOAT Industries.
  • Goat Industries (GOAT) set to acquire mining claims in Quebec
  • The claim blocks have been broken down into two separate asset purchase agreements
  • Lacana-Doran consists of 1,925 hectares of land located west of Aguanish
  • The Lacana-Doran Property encompasses five Quebec-designated occurrences
  • Goat also welcomes Mohammad Sharifi to the board of directors and audit committee
  • Goat Industries (GOAT) is up 50 per cent, trading at C$0.02 at 3:14 pm EST

Goat Industries (GOAT) acquired certain claim blocks in Quebec on March 8.

The claim blocks have been broken down into two separate asset purchase agreements.

Acquired claim blocks

Lacana-Doran consists of 1,925 hectares of land located west of Aguanish, 100 km east of Havre St. Pierre and 320 km east of Sept Iles in Quebec, Canada.

The Lacana-Doran Property encompasses five Quebec-designated occurrences as well as three designated rock samples with historically reported Lithium values.

At the property, there are uranium, lithium and pegmatite mineral values. There is a target area for detailed follow-up geochemical sampling, geophysical surveying, and drilling.

According to the company, the Lacana-Doran Property holds potential for not only Uranium but also for LCT Pegmatite deposits.

The goal going forward is to maximize the value of the property, bringing value to shareholders.

The company will acquire a 100 per cent interest in the Lacana-Doran Claim Block by issuing 80,000,000 common shares at $0.011 per share. This amounts to a purchase price of roughly $880,000.

New appointment

In addition to acquiring certain claim blocks. Goat also welcomes Mohammad Sharifi to the board of directors and audit committee.

Sharifi has a background in marketing and digital communication and has also held various senior marketing roles at several companies, including Telus Telecommunication.

Sharifi will serve as an independent director and replace Natasha Raey, who is no longer with Goat Industries.

GOAT is an investment issuer focused on investing in high-potential companies and assets operating across various sectors. 

Goat Industries (GOAT) is up 50 per cent, trading at C$0.02 at 3:14 pm EST.


More From The Market Online

Rapid Dose Therapeutics collaborates with NFL

Rapid Dose Therapeutics (CSE:DOSE) reveals a collaboration with the National Football League (NFL) for a funded clinical trial program.

@ the Bell: Weak bank earnings pummel TSX

Canada’s largest centre dropped nearly 1 per cent on Wednesday as Treasury yields firmed ahead of key U.S. inflation data.

ESGold acquires 39 mining claims in Quebec

ESGold (CSE:ESAU) reveals it has added 39 mining claims to its portfolio in Quebec totaling 2,286 hectares.