Technology Minerals PLC (LSE:TM1) has signed an agreement for the sale of a 10% interest in the Blackbird Creek and Emperium projects, in Idaho, USA.

The memorandum of understanding sees Bluebird Metals acquire the project stake for £900,000 in cash, and, includes an option for Bluebird to acquire a further 20% for £1.8mln.

Blackbird Creek spans some 158 registered claims, over 3,175 acres, in the Idaho cobalt belt (ICB) whilst Emperium covers 694 claims over 13,720 acres in east-central Idaho, also in the ICB.

“The proposed sale of a minority interest in our US projects is in line with our group strategy to progressively deliver value from our portfolio of junior mining assets,” said Alex Stanbury, Technology Minerals chief executive.

“The Blackbird Creek and Emperium projects form part of our exploration strategy to advance assets up the value chain with the aim of creating additional value in the company for our shareholders.”

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…

In exchange for publishing services rendered by the Company on behalf of Technology Minerals PLC named herein, including the promotion by the Company of Technology Minerals PLC in any Content on the Site, the Company…


Source link

The above content is from google feed with the source link mentioned. If you wish to remove the content from here then contact us and it will be removed within 24 hrs.