Resilience Minerals acquires option for Alamo property from Silver Range Resources
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Silver Range Resources Ltd. granted Resilience Minerals Limited an option to acquire an 80% interest in the Alamo Property, located in La Paz County, Arizona. Resilience Minerals can exercise this option by paying US$300,000 cash and issuing US$300,000 in shares upon completing an IPO by December 31, 2026. If the option is exercised, Resilience Minerals Limited and Silver Range Resources Ltd. will form a Joint Venture to explore and develop the property, with Silver Range Resources Ltd. receiving resource payments based on gold ounces identified.
From finanznachrichten.de
Why it matters
The agreement establishes a Joint Venture between Resilience Minerals Limited and Silver Range Resources Ltd. for the exploration and development of the Alamo Property. This structure allows Resilience Minerals Limited to gain control over the Alamo Property after meeting specific financing conditions and completing its IPO.
From finanznachrichten.de
Who's involved
- AlamoThe Alamo Property, the subject of the option agreement and future Joint Venture.
- La Paz CountyLa Paz County, the location of the Alamo Property in Arizona.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AlamoSpeculative
The formation of a Joint Venture could affect the Alamo Property's revenue through exploration and development.