Ridgeline Minerals (TSE:RDG) has released an update.
Ridgeline Minerals has partnered with South32, allowing South32 to acquire up to an 80% interest in the Selena Project in Nevada through a new earn-in agreement. With an initial investment of $10 million, South32 can secure a 60% stake, with an option to increase this to 80% by doubling the investment. This deal expands Ridgeline’s portfolio and potentially adds up to $60 million in exploration expenditures across its projects.
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