Brief: Arras Minerals Announces Strategic Alliance With Major Canadian Mining Company To Focus On Critical Minerals In Kazakhstan

Arras Minerals

07/12/2023 11:14

Dec 7 (Reuters) - Arras Minerals Corp.  ARK.V :
    * ARRAS MINERALS ANNOUNCES STRATEGIC ALLIANCE WITH MAJOR
CANADIAN
MINING COMPANY TO FOCUS ON CRITICAL MINERALS IN KAZAKHSTAN
    * ARRAS MINERALS CORP. - ENTERED INTO AN AGREEMENT WITH TECK
RESOURCES LIMITED
    * ARRAS MINERALS- UNDER DEAL,TECK TO SOLELY FUND GENERATIVE
EXPLORATION WORK THROUGH 2025 WITH INITIAL EXPENDITURES OF US$5
MILLION BEFORE DEC 31, 2025
    * ARRAS MINERALS- UNDER DEAL,CO TO ACT MANAGER FOR INITIAL
YEAR OF
2 YEAR GENERATIVE PROGRAM WITH TECK HOLDING OPTION TO ASSUME
ROLE OF MANAGER THEREAFTER

Source text for Eikon:  ID:nGNX5N9CVm 
Further company coverage:  ARK.V 

 ((Reuters.Briefs@thomsonreuters.com;))