AE - American Eagle Gold receives another strategic investment from Teck Resources

(NewsDirect)

American Eagle Gold CEO Anthony Moreaujoined Steve Darling from Proactive to share news the company unveileda substantial strategic investment agreement with Teck ResourcesLimited, a notable mining and metals company. The investment entails astructured flow-through financing on a private placement basis,amounting to approximately $2.6 million.

As a result of this agreement, Teck Resources is set to securean ownership stake of nearly 20% in American Eagle Gold. Moreau wenton to elaborate that this strategic investment stands to have atransformative impact on American Eagle Gold's financial capacity,providing the necessary capital to fully support not only the ongoingextended 2023 Drill Program but also the planned 2024 Drill Program atthe NAK copper-gold project near Smithers, British Columbia.

These comprehensive drilling initiativesaim to achieve multiple objectives, including the expansion of theknown mineralized area within the NAK project and the identificationof high-grade sources of copper and gold. Of note is the accessibilityadvantage of the NAK project. Situated near a road, the site allowsfor drilling activities to continue throughout the year withoutdependence on helicopter support.

This strategic partnership with Teck Resources is poised tosignificantly bolster American Eagle Gold's exploration endeavorsand expedite the company's progress in advancing the NAK project.

By securing a substantial investment from a renowned industryplayer like Teck Resources, American Eagle Gold is well-positioned tocapitalize on the opportunities presented by the NAK project'smineral potential and contribute to the ongoing growth and developmentof the mining sector.

Contact Details

ProactiveInvestors

+1 604-688-8158

na-editorial@proactiveinvestors.com

Copyright (c) 2023 TheNewswire - All rights reserved.