Kermode Resources Eyes Acquisition of Terrace Perlite

Kermode Resources (TSE:KLM) has released an update.

Kermode Resources Ltd. has announced plans to acquire full ownership of the Terrace Perlite project in British Columbia through a proposed option agreement. The purchase includes a mineral claim covering 100 hectares, with financial terms involving a total of $50,000 and 4 million shares over five years. The agreement also features a 5% gross revenue royalty and potential sales participation rights.

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