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Generic Gold sells Yukon exploration portfolio, receives $100K cash and Banyan Gold shares

Company Fundamentals
17 Jun 2026
Newsfile Corp
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Bullish
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Generic Gold Corp. has completed the sale of its exploration portfolio in the Yukon Territory, receiving $100,000 in cash and 2,142,857 common shares of Banyan Gold Corp. This transaction allows Generic Gold to focus on its Quebec gold projects in the Abitibi Greenstone Belt. The sale is part of the company's strategy to streamline its assets and concentrate on promising exploration opportunities closer to its core operations. Investors should watch for updates on how the company deploys the proceeds and new shares to advance its Quebec projects.

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