Callinex Mines (TSE:CNX) has released an update.
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Callinex Mines has successfully terminated Teck Resources’ back-in right to acquire a significant stake in the Alberts Lake Property, enhancing its potential for future exploration endeavors. In return, Callinex will issue shares and warrants to Teck and make a cash payment contingent on future mining developments. This strategic move positions Callinex to further capitalize on its high-grade discoveries.
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