Star Uranium Corp. (TSXV:SUV) announced that they have entered into an LOI with Great Western Minerals Group Ltd. (TSXV:GWG,OTCQX:GWMGF) in which Star will have the right and option to acquire up to a 51% participating interest in GWMG’s Hoidas Lake Rare Earth Project.
Star Uranium Corp. (TSXV:SUV) announced that they have entered into an LOI with Great Western Minerals Group Ltd. (TSXV:GWG,OTCQX:GWMGF) in which Star will have the right and option to acquire up to a 51% participating interest in GWMG’s Hoidas Lake Rare Earth Project.
As quoted in the press release:
Star’s right to acquire the Interest will be segregated into two tranches. Star will have the right to acquire a 25% participating interest in the Hoidas Lake Project by funding and completing a preliminary economic assessment in respect of the Hoidas Lake Project within two years. Upon successfully exercising the first tranche and acquiring a 25% participating interest, Star will have the right to acquire a 26% participating interest in the Hoidas Lake Project by funding and completing a feasibility study in respect of the Hoidas Lake Project within four years of the completion of the preliminary economic assessment.
To view the whole press release, click here.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1794.03 | -12.85 | |
| Silver | 19.81 | -0.45 | |
| Copper | 3.57 | -0.14 | |
| Palladium | 1908.50 | -13.50 | |
| Platinum | 889.00 | -8.00 | |
| Oil | 106.94 | +1.18 | |
| Heating Oil | 3.95 | +0.12 | |
| Natural Gas | 5.74 | +0.31 | |