Valterra Resource Corporation (TSE:NICK) has released an update.
Nickelex Resource Corporation has entered a letter agreement to acquire full ownership of the Arlington Gold Property, which comprises nine claims spanning over 3,583.89 hectares in British Columbia. The agreement stipulates that Nickelex must make cash payments, incur exploration expenditures, and issue shares to the current owner, Origen Resources Inc., within set deadlines to cement the deal. The Arlington Property has a history of mineral exploration with recent surveys uncovering significant gold anomalies, and Origen retains a 2% net smelter return royalty, with a buy-back option for Nickelex.
For further insights into TSE:NICK stock, check out TipRanks’ Stock Analysis page.
