Nortec Minerals Corp. Enters into Agreement with Vulcan Minerals Inc. to Sell Interest in Tasisuak Lake TL Nickel Property

 Nortec Minerals Corp. (TSXV:NVT) entered into a letter agreement with Vulcan Minerals Inc. to sell the Company’s interest in the Tasisuak Lake TL Nickel Property that is located in Labrador.

As quoted in the press release:

The consideration of the sale of the Property shall be 1,000,000 fully paid and non-assessable common shares (“Consideration Shares”) in the capital of Vulcan, subject to regulatory hold periods, with Vulcan having a first right of refusal to purchase the Consideration Shares from Nortec. Vulcan shall grant to Nortec a 1% net smelter royalty (the “Royalty”) in the Property with buyback provision on $0.5% of the Royalty for $1,000,000, with cumulative royalty to be capped at $3,000,000.

Click here to read the Nortec Minerals Corp. (TSXV:NVT) press release
Click here to see the Nortec Minerals Corp. (TSXV:NVT) profile

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Nexus Gold Corp.

Nexus Gold Corp. (TSXV:NXS) is currently drilling on the Walker Ridge Gold Project in Nevada - a multiple target, Carlin-type gold exploration property. They have recently submitted an expanded Plan to increase the current 8 pad plan to 29 drill pads.

Connect here and don't miss their next catalyst!

Learn More

Leave a Reply