GPM Metals (TSE:GPM) has released an update.
GPM Metals Inc. has finalized a Sale and Purchase Agreement with Rio Tinto Exploration, transferring several exploration licenses and applications in Australia’s Walker Gossan Project to its subsidiary, DPG Resources Australia Pty Ltd. The deal simplifies the project’s structure, enhancing the progress of exploration activities, with Rio Tinto retaining rights to reacquire a minority interest if certain milestones are achieved. Approval from the Northern Territory mining authority and the Northern Land Council is pending.
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