Brief: Greenx Metals Buys Eleonore North Project

GreenX Metals

15/07/2024 07:32

July 15 (Reuters) - GreenX Metals Ltd  GRX.AX :
    * CHANGES TERMS OF AGREEMENT WITH GREENFIELDS EXPLORATION
PTY
    * GREENX METALS LTD SAYS UNDER CHANGED TERMS COMPANY TO
ACQUIRE
100% STAKE IN ELEONORE NORTH PROJECT
    * COMPANY TO BUY PROJECT FOR AUD 0.3 MILLION IN GREENX
SHARES
    * PRICE FOR PROJECT ALSO INCLUDES 1.5% NET INCOME OF MINE
OWNER
UNDER NET SMELTER ROYALTY (NSR) FORMULE
    * COMPANY UNDER PURCHASE TERMS (GREENX) TO PLACE DEFERRED
PAYMENT
OF AUD 1.0 MILLION IN CASH OR GREENX SHARES IF GREENX DECIDES TO
KEEP PROJECT AFTER DEC 31, 2025
    * COMPANY TO HEAD OPERATIONS OF ELEONORE NORTH PROJECT

Source text for Eikon:  ID:nEM1dNbzga 
Further company coverage:  GRX.AX 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))