Brief: Pembridge Resources Says Minto Metals Corp. Enters Offtake Extension With Sumitomo Corp

Pembridge Resources

17/05/2022 12:44

May 17 (Reuters) - Pembridge Resources PLC  PERE.L :
    * PEMBRIDGE RESOURCES PLC - MINTO METALS CORP. SIGNS FOUR
YEAR
CONCENTRATE OFFTAKE EXTENSION FOR ITS MINTO MINE
    * PEMBRIDGE RESOURCES PLC - MINTO METALS ENTERED INTO
OFFTAKE
EXTENSION AGREEMENT WITH SUMITOMO CORP
    * PEMBRIDGE RESOURCES: SUMITOMO CORP TO BUY COPPER
CONCENTRATE
PRODUCED AT MINE DURING ADDITIONAL 4-YEAR BASED ON 50,000
DMT/YEAR OF CONCENTRATE OUTPUT
    * PEMBRIDGE RESOURCES PLC - NEW EXTENSION AGREEMENT IS
EFFECTIVE
AS OF MAY 16TH, 2022, AND CONTINUES UNTIL ADDITIONAL 200,000 DMT
ARE PRODUCED
    * PEMBRIDGE RESOURCES PLC - IN CONJUNCTION WITH OFF-TAKE
AGREEMENT, SC HAS AGREED TO EXTEND ITS DEBT FACILITY TO $17.5
MILLION DOLLARS

Source text for Eikon:  ID:nRSQ7969La 
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