Nortec Minerals Corp. Enters into Agreement with Vulcan Minerals Inc. to Sell Interest in Tasisuak Lake TL Nickel Property
Nortec Minerals Corp. (TSXV:NVT) entered into a letter agreement with Vulcan Minerals Inc. to sell the Company’s interest in the Tasisuak Lake TL Nickel Property that is located in Labrador.
As quoted in the press release:
The consideration of the sale of the Property shall be 1,000,000 fully paid and non-assessable common shares (“Consideration Shares”) in the capital of Vulcan, subject to regulatory hold periods, with Vulcan having a first right of refusal to purchase the Consideration Shares from Nortec. Vulcan shall grant to Nortec a 1% net smelter royalty (the “Royalty”) in the Property with buyback provision on $0.5% of the Royalty for $1,000,000, with cumulative royalty to be capped at $3,000,000.
Click here to read the Nortec Minerals Corp. (TSXV:NVT) press release
Click here to see the Nortec Minerals Corp. (TSXV:NVT) profile
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1844.24 | +2.06 | |
Silver | 21.75 | -0.16 | |
Copper | 4.31 | +0.02 | |
Palladium | 1967.50 | -36.50 | |
Platinum | 956.89 | -2.11 | |
Oil | 112.70 | +0.49 | |
Heating Oil | 3.63 | -0.04 | |
Natural Gas | 8.09 | -0.22 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.