Canterra Minerals Strikes Deal on Ring of Fire Property

Canterra Minerals (TSE:CTM) has released an update.

Canterra Minerals Corporation has optioned its Ring of Fire property in Northeastern Ontario to Teck Resources Limited, which allows Teck to acquire 100% interest while Canterra retains a 1.5% Net Smelter Royalty. This deal enables Canterra to focus more on its projects in Central Newfoundland and maintains an investment interest in the property’s future through the retained royalty.

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