Canada Carbon Announces Acquisition of Additional Claims on Miller Graphite

Canada Carbon Inc (TSXV:CCB) announced that it has acquired 3 more claims for the company’s Miller Graphite mine, which puts the property now at 13.2 squared kilometers.

As quoted in the press release:

Terms of the Agreement

Pursuant to the Agreement, the Company has agreed to issue to Nouveau-Monde Mining Enterprises Inc., a Québec corporation, a total of 75,000 shares payable upon the approval of the transaction by the TSX Venture Exchange (the “Exchange“).

Pursuant to the Agreement, the Company has also granted Nouveau-Monde Mining Enterprises Inc., a 2% Net Smelter Return royalty (the “NSR“) which can be reduced at any time to 1% by paying $1,000,000 to Nouveau-Monde Mining Enterprises Inc.

Click here to read the full Canada Carbon Inc (TSXV:CCB) press release.