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VANCOUVER - Trident Resources Corp. (TSX-V:ROCK) (OTCQB:TRDTF), a mining company with a market capitalization of $269.88 million and trailing twelve-month revenue of $29.96 million, has entered into a property option agreement to acquire up to 100% interest in the Reindeer Project near Southend, Saskatchewan, according to a company press release issued Tuesday. InvestingPro data shows the company trades with notably low volatility, with a beta of 0.61.
The 26,910-hectare property consists of 10 contiguous mineral claims located along the contact between the La Ronge and Kisseynew Domains of the Trans-Hudson Orogen. The property is intersected by three strands of the Tabbernor Fault system, which also hosts SSR Mining’s Seabee Gold operations.
Under the agreement with Reinco Exploration Limited, Trident can acquire the property through staged payments: $35,000 in cash and 1 million shares for an initial 50% interest, with additional share issuances over two years to reach 100% ownership. The acquisition comes as Trident’s stock trades near its 52-week high of $9.62, with a P/E ratio of 13.15, according to InvestingPro analysis.
The acquisition creates a strategic connection between Trident’s existing Knife Lake Project and its recently acquired Greywacke Project, which the company obtained through a merger with MAS Gold and Eros Resources in January 2025.
Historical exploration has identified several mineral showings on the property, including gold samples reported at 0.16-0.60 oz/t at the Discovery Au Showing and copper values up to 0.77% at the Rosie Showings, according to Saskatchewan Mineral Deposit Index records cited in the release.
The property is accessible via Highway 905, which services uranium operations in the region, and the claims are in good standing until at least October 2027 with no existing royalties.
The agreement remains subject to approval from the TSX Venture Exchange. Investors seeking deeper insights into Trident’s financial health and growth prospects can access additional analysis through InvestingPro, which offers exclusive metrics and professional-grade investment tools.
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