Mosaic Minerals Eyes Sale of Lichen Project

Mosaic Minerals Corp (TSE:MOC) has released an update.

Mosaic Minerals Corporation has signed a letter of intent permitting Castlebar Capital Corp to potentially acquire a full interest in the Lichen Project, a property with promising geological prospects for gold and copper. The deal, which is structured to fulfill Castlebar’s requirements for a Qualifying Transaction with the TSX Venture Exchange, involves cash payments and share issuances over a period of three years.

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