Kent Exploration Inc. isn't the only company staked into the early-stage coal play in Saskatchewan that is making waves with investors on Wednesday. North American Gem Inc. shares jumped more than 45% through early afternoon trading after it announced that it signed an agreement
with Adamas Minerals Corp. of Prince Alberta, Saskatchewan. The deal grants North American Gem Inc. exclusive rights to coal, oil shale's and
or all hydrocarbon discoveries on a land package on which coal permit
applications have been submitted for west of Hudson Bay, Saskatchewan.
Included in the land package, North American Gem submitted coal permit applications for 578,234
acres, bringing its current total land staking to
approximately 927,613 acres. At 1:16 a.m. ET., the stock was up 10¢ to 31 1/2¢. ...
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