Sale proceeds delivers a combination of cash, shares and a multi-year exploration expenditure commitment. Enables EML to focus on developing the high-grade Emily Manganese Project, Minnesota, while retaining an economic interest in the Nevada silver assets.
Electric Metals Ltd. is pleased to announce that it has entered into an option and acquisition agreement with Altair Resources Inc. for the sale of up to 100% of its Nevada silver assets, including the Corcoran Canyon gold-silver project, the Belmont gold-silver project and the Belmont North gold-silver project , located in the Tonopah District in Nye County, Nevada. Pursuant to the Transaction, Altair, which is an arm's length party to EML, will have the right to acquire up to a 100% interest in the Assets through the acq...