Woulfe, IMC Closer to JV Agreement

Mining Weekly reported Woulfe Mining (TSXV:WOF) and IMC are one step closer on reaching a joint venture agreement for the Sangdong tungsten molybdenum project.

As quoted in the market news:

The parties, which entered agreements earlier this year, would decide the next steps of IMC’s ongoing due diligence and the project, after which a deadline of 60 days would be set to complete the transaction.

IMC was set to buy a 25% stake in Woulfe’s Korean subsidiary, Sangdong, for C$35-million.

Click here to read the full Mining Weekly report.

Click here to read the Woulfe Mining (TSXV:WOF) stock profile.

Get the Latest Tungsten Investing Stock Information

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


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


Leave a Reply