Abcourt Mines (TSE:ABI) has released an update.
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Abcourt Mines Inc. has struck a deal with Québec Pegmatite Holdings Corp., allowing the latter to acquire full interest in select mining claims across the Courville and Abcourt Barvue projects in Québec for a series of payments totaling $2 million. The agreement excludes the zinc-silver deposit of Abcourt-Barvue but includes strategic sectors that have been underexplored, offering potential for new discoveries. Abcourt retains a 2% net smelter return royalty, ensuring ongoing benefits from the deal.
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