Brief: Hudson Resources And Neo Performance Materials Sign Agreement On Rare Earth Element Project In Greenland

Neo Performance Materials

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 

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