Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to share news the company has entered into a definitive agreement with Excalibur Metals Corp to sell 100% of the Bellehelen Project. The deal includes cash, stock a 2% net smelter return, and 2 dollars per ounce gold-equivalent payment on any future defined resource.
Power talks about this deal and the Bellehelen Project. He also shared with Proactive the company has renegotiated and concluded a new option on the Legal Tender Property with QLM Royston Hills. That deal calls for QLM to acquire 100% interest over a four-year period.
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