Landore has exited its holding in the Root Lake Project for C$3m in cash. ASX-listed Green Technology Metals Ltd (GT1.ASX) concluded the purchase of 50% (1.5%) of the 3% net smelter royalty that Landore held over the Root Lake Property for C$2m in cash and exercised an option to purchase the remaining 1.5% NSR in return for a further cash payment of C$1m. Landore has received a total of C$3m in cash. Based on our modelling NPV 5%-US$1,600 and assuming further capital is required next year, while ....
01 Nov 2022
Cenkos: Landore Resources Ltd- -- C$3m Cash
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Cenkos: Landore Resources Ltd- -- C$3m Cash
Landore Resources Limited (LND:LON) | 2.6 0 (-1.9%) | Mkt Cap: 3.90m
- Published:
01 Nov 2022 -
Author:
Will Dymott -
Pages:
5
Landore has exited its holding in the Root Lake Project for C$3m in cash. ASX-listed Green Technology Metals Ltd (GT1.ASX) concluded the purchase of 50% (1.5%) of the 3% net smelter royalty that Landore held over the Root Lake Property for C$2m in cash and exercised an option to purchase the remaining 1.5% NSR in return for a further cash payment of C$1m. Landore has received a total of C$3m in cash. Based on our modelling NPV 5%-US$1,600 and assuming further capital is required next year, while ....