NewPeak Metals Ltd. (AU:NPM) has released an update.
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NewPeak Metals Ltd. has announced the nearing completion of its acquisition of the George River Uranium, Rare Earth Elements, and Scandium project in Quebec and Labrador, Canada, after satisfying all legal, financial, and technical due diligence. The company is moving forward with finalizing the sale agreement for the extensive 23,184-hectare tenement package, which shows promising mineralization results and is strategically located near other significant mining projects. NewPeak is funding the acquisition through a mix of shares and capital raising efforts, including a Rights Issue and Placement, and has established a wholly-owned subsidiary to manage the Canadian project.
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