Melkior Resources Inc. (TSE:MKR) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- 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.
Melkior Resources Inc. has issued a notice of default to International Explorers & Prospectors Inc. for non-compliance with the agreement terms related to the Genex Project, halting its obligations, including payments and work expenditures, until an environmental report is submitted. The disagreement over the breach is unresolved, but both parties are seeking a satisfactory resolution. Meanwhile, Melkior continues to advance other projects, including its flagship Carscallen Project with Agnico Eagle Mines Limited.
For further insights into TSE:MKR stock, check out TipRanks’ Stock Analysis page.