FINWIRES · TerminalLIVE
FINWIRES

Blossom Gold Receives BLM Approval Regarding Notice of Intent to Initiate Exploration Drilling on Kamma Claims West of Rosebud Project

By

Blossom Gold (BGAU.TO) received approval from the U.S. Bureau of Land Management (BLM) for its previously announced Notice of Intent (NOI) for exploration activities on its Kamma Claims west of the Rosebud Project in Pershing County, Nevada, it said on Wednesday.

The company is in the process of securing a reverse circulation (RC) rig and continues to expect drilling to start no later than the third quarter of 2026. It will also continue to map and refine the structural understanding of the area.

"With the NOI now approved, Blossom can proceed with the planned reverse circulation ("RC") drilling, beginning with eight drill site locations," the company said in a statement.

Shares of the company closed down 0.8% to $2.39 on Tuesday on the Toronto Stock Exchange.

Related Articles

Mining & Metals

Shopify Board Approves Expanding Share Repurchase Program to US$5 Billion

Shopify (SHOP.TO, SHOP) rose 1.1$ in after-hours Nasdaq trading after the company on Tuesday said its board approved an additional US$3 billion share buyback authorization, increasing the company's total repurchase program to US$5 billion.As of June 1, Shopify had already repurchased about US$1.45 billion worth of shares under its existing authorization, according to the statement."Consistent operating cash flow, a balance sheet built for the long-term, and strong results quarter after quarter - these give us the ability to prioritize building products that drive merchant success while also returning capital to shareholders, especially during periods of market volatility, Chief Financial Officer Jeff Hoffmeister said.The company said it will continue buying back shares through pre-arranged trading programs and may make purchases in the open market or through private transactions. Shopify added that the program does not require it to repurchase a specific number of shares and can be changed, suspended, or ended at any time.The company's shares were last seen up US$1.30 to US$117.01 after hours. They closed down C$9.72 to C$161.95 on the Toronto Stock Exchange.

$SHOP$SHOP.TO
Mining & Metals

Imperial Equities Brief: Acquires a 4.55-Acre Industrial Parcel in West Edmonton for $3.4 Million

$IEI.V
Mining & Metals

Osisko Development Plans to Change its Name to Osisko Gold Group. Shareholders to Vote on the Change at Its June 23 AGM

$ODV$ODV.V