• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Critical Metals Market
    Critical Metals News
    Critical Metals Stocks
    • Critical Metals Market
    • Critical Metals News
    • Critical Metals Stocks
    magnesium investing

    Gossan to Invest in East Mining Company

    Investing News Network
    Oct. 24, 2011 02:44PM PST
    Critical Metals

    Gossan Resources Limited (TSXV:GSS) has signed a Letter of Intent with East Mining Company SA to understand the prospects of acquiring mineral projects within Europe and to assess three potential projects in Greece.

    Gossan Resources Limited (TSXV:GSS) has signed a Letter of Intent with East Mining Company SA to understand the prospects of acquiring mineral projects within Europe and to assess three potential projects in Greece.

    As quoted in the press release:

    Under the terms of the LOI, Gossan will invest Euro 300,000, currently about CDN $420,000, and provide certain expertise for a 40% equity interest in EMC, a private company in registration, subject to due diligence and receipt by EMC of one or more mineral resource licenses by no later than March 31, 2012, or such other agreeable date, and the approval of the TSX Venture Exchange.

    Gossan Resources’ CEO, Douglas Reeson commented:

    “An investment in East Mining Company provides Gossan with the opportunity to participate in a material re-valuation of mineral assets and potentially support Gossan in broadening its magnesium strategy into Europe.”

    Click here to read the Gossan Resources Limited (TSXV:GSS) press release

    europemagnesium investingtsxv:gss
    The Conversation (0)

    Go Deeper

    AI Powered

    Grizzly Provides Update on Greenwood Gold Project and Prepares to Drill New Targets With Anomalous Gold-In-Soils

    Drill Tracker Weekly: RTG Extends Magnetite Skarns to Depth at Mabilo

    Latest News

    Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District

    Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

    Allied Critical Metals Expands Santa Helena Breccia in Borralha with Long Tungsten Intercepts and Confirms High-Grade Trend

    LKY Doubles Landholding Abutting MP Materials in Mojave Hub

    Locksley Resources Limited Doubles Landholding Abutting MP Materials in Mojave Hub

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Critical Metals Stocks

    West High Yield

    WHY:CA

    MGX Minerals Inc

    XMG:CNX

    Western Magnesium Corporation

    WMG:CA

    Compass Minerals Intl Inc

    CMP
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×