Cascada Silver Corp. Amends Payment Terms for Angie Project to Boost Exploration

Cascada Silver Corp. ( (TSE:CSS) ) has shared an announcement.

Cascada Silver Corp. has negotiated amendments to the payment structure for the Angie Copper Molybdenum Project, resulting in a reduced payment for January 2025 and a revised schedule for subsequent payments. These changes allow Cascada to reallocate funds to its ongoing Phase II diamond drilling program at the Angie Project, which aims to explore and develop a copper molybdenum porphyry system. The revised agreement includes the option to settle certain payments in company shares and provides the vendor with a net smelter royalty, highlighting Cascada’s strategic focus on exploration and operational flexibility.

More about Cascada Silver Corp.

Cascada Silver Corp. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in projects targeting copper and molybdenum deposits, with a market focus on expanding its mining operations and resource base.

YTD Price Performance: 0%

Average Trading Volume: 846,021

Technical Sentiment Consensus Rating: Sell

See more insights into CSS stock on TipRanks’ Stock Analysis page.