As another trading week begins, investors are going to be looking into the stocks that they are going to follow and one that may be worth tracking is the Blockchain Loyalty Corp (OTC:BBLC) stock. Last Friday, the company had come into the news cycle after it made an announcement with regards to a new mining deal.
The Announcement
In the news release, Blockchain Loyalty Corp that it had managed to secure a major mining deal, which continued the company’s aim to move into the gold sector. In a partnership with Blue Crown Group Inc, the company’s arm’s length partner, the company announced that it had officially reached an agreement with the firm North Fork Management. It was further noted that North Fork was a highly experienced mining management company based out of Northern California. The company noted that it was a major milestone since it marked Blockchain Loyalty Corp’s entry into the gold sector.
Diversification Push
On October 7, 2024 Blockchain Loyalty Corp had announced that it had been approached by firms in sectors like gold, real estate and hospitality with regards to potential opportunities. Following month of work, the company finally aligned with its diversification push through the acquisition of North Fork.
Management Comment
“This agreement is a testament to our strategic commitment to growth and diversification. The expertise that North Fork Management brings to the table, combined with the vision and resources of BBLC and Blue Crown Group Inc., places us in a prime position to capitalize on the immense opportunities in the gold and rare earth mineral sector. We are excited about the road ahead and look forward to delivering real value to our shareholders,” said Joel DeBellefeuille, Executive Chairman and CEO of BBLC.
