Canterra Minerals (TSE:CTM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Canterra Minerals Corporation has optioned its Ring of Fire property in Northeastern Ontario to Teck Resources Limited, which allows Teck to acquire 100% interest while Canterra retains a 1.5% Net Smelter Royalty. This deal enables Canterra to focus more on its projects in Central Newfoundland and maintains an investment interest in the property’s future through the retained royalty.
For further insights into TSE:CTM stock, check out TipRanks’ Stock Analysis page.