Brief: Hudson Resources And Neo Performance Materials Sign Agreement On Rare Earth Element Project In Greenland
22/08/2022 13:09
Aug 22 (Reuters) - Hudson Resources Inc HUD.V :
* HUDSON RESOURCES AND NEO PERFORMANCE MATERIALS SIGN
AGREEMENT ON
THE SARFARTOQ RARE EARTH ELEMENT PROJECT IN GREENLAND
* HUDSON RESOURCES INC- HUDSON RECEIVES A NONREFUNDABLE
INITIAL
CASH PAYMENT OF US$250,000 UPON SIGNING OF AGREEMENT
* HUDSON RESOURCES INC- UPON RECEIPT OF APPROVAL FROM
GREENLAND
GOVERNMENT, HUDSON WILL TRANSFER LICENSE TO NEO OR SPE
* HUDSON RESOURCES INC- HUDSON WILL RECEIVE AN ADDITIONAL
US$3,250,000 UPON CLOSING OF TRANSACTION
Source text for Eikon: ID:nGNX1FV8LD
Further company coverage: HUD.V
((Reuters.Briefs@thomsonreuters.com;))
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