Fulcrum Metals plc has paid the final instalment of CAD$275,000 to acquire outright ownership of the Teck-Hughes gold mine tailings project in Kirkland Lake, Ontario, Canada. NON-CYANIDE As per the option agreement signed in 2023, the optionors will have a 3% net smelter return royalty. Fulcrum may reduce the NSR royalty to 1.5% through a […]
Tag: option agreement
Ascent JV looks to new cash flows from Utah licences
Ascent Resources plc and its partner could receive additional cash flows ar their existing Paradox Basin oil and gas wells and leases from a second partnership exploring for metals and minerals at the 119,000 acreage in Utah, USA. TERMS The company and American Helium LLC signed a 60-day exclusive option agreement with Neometals Ltd and […]
European signs exclusive option to sell Pajala
European Green Transition plc has agreed an exclusive six-month option to sell its Pajala copper project in northern Sweden. MONETISING Potential purchaser, Recovery Metals Cyprus Ltd, will fund all due diligence on the project’s Liviövaara nr 101 and Lehtosölkä nr 101 exploration licences. European said that Pajala was a potential iron oxide copper gold (IOCG) […]
Peak signs Portsoy option with Winshear
Peak Nickel Ltd has signed an “arm’s length” option agreement for Canadian explorer Winshear Gold Corp to earn 100% of its Portsoy nickel, copper and cobalt exploration licence in Aberdeenshire. NEAR SURFACE The 250km2 licence contains the Rodburn target as well as others yet to undergo drill testing. Peak’s work from 2022 to 2023 includes […]
Fulcrum due first uranium sale option payment
Fulcrum Metals plc expects the first payment from the potential purchaser of its Canada uranium assets, which has exercised the first year option of the July 2024 agreement. EXPLORATION Fulcrum will receive C$50,000 cash and C$350,000 of Terra Balcanica Resources Corp common shares, equating to 3,804,347 new Terra common shares due to be issued by 18 […]
Power Metal looks to sell Silver Peak interest
Power Metal Resources plc has signed an option agreement to sell its 30% interest in Silver Peak Resources Ltd, holding the historic Eureka-Victoria silver mine in southern British Columbia. STREAMLINE In 2020, the company exercised an earn-in option to the project and committed CA$225,000 to ground exploration. In April the following year, Power Metal and joint […]