Platinex acquires W2 Copper-Nickel-PGE Project from Springer Mineral
2022-01-19 13:34:02 [Print]
Canada-based Platinex Inc. announced on January 17 that it has concluded the purchase of a 100% stake in the W2 Copper-Nickel-Platinum Group Element (PGE) Project located near the Ring of Fire, northwestern Ontario, Canada, from Springer Mineral Resources.
According to the deal, Platinex issued 3,625,000 of its shares to Springer and paid $19,957 in cash.
Platinex also granted a net smelter returns royalty of up to 2% on the mining claims, including the W2 Project to Springer.
The W2 Project comprises more than 5km of strike length of known Cu-Ni-PGE mineralisation within a 9,134ha land package near the Ring of Fire.
According to the deal, Platinex issued 3,625,000 of its shares to Springer and paid $19,957 in cash.
Platinex also granted a net smelter returns royalty of up to 2% on the mining claims, including the W2 Project to Springer.
The W2 Project comprises more than 5km of strike length of known Cu-Ni-PGE mineralisation within a 9,134ha land package near the Ring of Fire.
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