Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.

TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > 2023 Drilling program

<< Previous

Bullboard Posts

Next >>

Comment by mithril56on Jul 25, 2023 3:11pm

201 Views

Post# 35556450

RE:RE:2023 Drilling program

In the most recent MD&A filed on sedar (May 23, 2023) on Page 9 it states...

"As at March 31, 2023, the Company had working capital of $7,384,621 with an unrestricted cash balance of $7,439,084. The Company had a restricted cash balance of $1,400,962, which is not available for working capital purposes and must be expended exclusively for Canadian Exploration Expenditures by December 31, 2023."

Anyone want to guess how much of the $1.4 million of restricted cash has been spent / remains to be spent?

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading