Wallbridge Mining (WLBMF) sold mineral claims comprising the Detour East property to Agnico Eagle Mines (AEM) for cash consideration of $8M plus a 2% NSR royalty over the property. The Detour East claims were the subject of an existing earn-in agreement between Wallbridge and Agnico Eagle. The transaction provides immediate liquidity to Wallbridge and will allow it to focus on the continued exploration and development of its Detour-Fenelon Gold Trend Property located in the northern Abitibi region of Quebec.
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