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Bullboard - Stock Discussion Forum Inventus Mining Corp V.IVS

Alternate Symbol(s):  GNGXF

Inventus Mining Corp. is a Canada-based exploration company. The Company is focused on the development of its gold and critical metals projects located east of the world class mining district of Sudbury, Ontario. The Company holds two 100% owned projects, Pardo Gold and Sudbury 2.0 Polymetallic Gold. The Pardo Paleoplacer Gold Project is located in Ontario, Canada, approximately 65 kilometers... see more

TSXV:IVS - Post Discussion

Inventus Mining Corp > 2024/2025
View:
Post by Globes on Oct 22, 2024 9:41am

2024/2025

Does anyone know if they willl use the money for any exploration, or is the cash just to keep the lights on while they sit on their hands for another year?lol
Comment by shneps on Oct 22, 2024 9:47am
The monies raised are for advancing the Pardo paleoplacer gold deposit to their inaugaral resource estimate. It has been a very difficult market to raise funds and so IVS went into a money saving mode until things begin to turn around. That is what they are executing now with the initial money raised and the much needed management changes to get the company up and moving again on a day to day ...more