Brookemont Enters Option Agreement for Quebec Rare Earth Property

Brookemont Capital Inc. (TSXV:BKT,OTC Pink:BKTPF) announced it will acquire 2,234 contiguous hectares of rare earth properties in Quebec.

As quoted in the press release:

The terms of the option agreement are as follows: (a) 2.5 million shares on TSX Venture Exchange approval; (b) $20,000 cash and an additional 2.5 million shares within 13 months of closing; (c) work commitments call of $100,000 within the first 18 months of closing; (d) work commitments of $250,000 within 30 months of closing; and (e) work commitments of $500,000 within 42 months of closing.

Brookemont’s President, Conrad Clemiss said:

We are planning to start operations within the coming days on this new prospect and we are optimistic regarding what this new prospect could provide in terms of company growth going forward.

Click here for the Brookemont Capital Inc. (TSXV:BKT) press release.