10:41 AM EDT, 09/12/2024 (MT Newswires) -- Nevada King Gold ( NKGFF ) was edging up early Thursday as it completed the acquisition of an option to acquire the Silver Park property within the Atlanta project in Nevada. As consideration, the company issued 100,000 shares priced at $0.41 apiece for $41,000 in total.

Under the option agreement provides, Nevada King can purchase 100% interest in the property by paying an entity called Ofor Silver US$75,000 before July 30, 2034.

"This option agreement secures third-party land within the Atlanta claim package that was not previously controlled by Nevada King and, importantly, adds further patented (private) ground to the Atlanta project," said Cal Herron, Nevada King's exploration manager. "Private land, as opposed to BLM (US government) land, offers increased flexibility for permitting and siting of mine/mill infrastructure in the event of a future possible mining scenario at Atlanta."

Nevada King's shares rose 1.6% at last look to $0.325 on the TSXV.

Price: 0.33, Change: +0.01, Percent Change: +1.56