Augusta Gold Corp’s (OTC:AUGG) Stock Gains Momentum: Here is Why

Many companies that made key announcements last week are expected to be in focus among investors this morning, and one company that may come into focus is Augusta Gold Corp. Last Thursday, the company was in the news cycle after it announced an increase in the loan with Augusta Investments Inc., Augusta Gold Corp.’s (OTC:AUGG) biggest shareholder.

The loan had been increased by $525,000, as per the news release. Augusta Gold Corp. paid an origination fee to the tune of $25,000 in relation to the loan increase. Additionally, the maturation date of the loan had also been extended to June 30, 2024, and the company had to pay $27,790.70 in the form of an extension fee to the lender for the same.

However, that was not the only major announcement from Augusta Gold Corp. last Thursday. The company also announced that it had appointed a new interim chief financial officer in the form of Ty Minnick, and the appointment was going to go into effect on April 1, 2024. The company revealed that Minnick had worked with Augusta Gold Corp. in the capacity of a consultant and, in fact, had served as the Chief Financial Officer from 2011 through October 2020.

Additionally, he had also been the Chief Financial Officer of Athena Gold Corp. since May 2021. In total, Minnick had 13 years of experience in the mining industry as a whole. Additionally, it was also noted that he had also been a Certified Public Accountant for the firm Grand Mesa CPAs LLC since December 2018. In the same news release, Augusta Gold Corp. also thanked the former Chief Financial Officer, Michael McClelland, for his years of service and wished him well for his future endeavors. It may be a good idea for investors to consider adding Augusta Gold Corp. stock to their watch lists.

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