Melkior Resources Takes Action on Genex Project Compliance

Melkior Resources Inc. (TSE:MKR) has released an update.

Melkior Resources Inc. has issued a notice of default to International Explorers & Prospectors Inc. for non-compliance with the agreement terms related to the Genex Project, halting its obligations, including payments and work expenditures, until an environmental report is submitted. The disagreement over the breach is unresolved, but both parties are seeking a satisfactory resolution. Meanwhile, Melkior continues to advance other projects, including its flagship Carscallen Project with Agnico Eagle Mines Limited.

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