Mink Ventures Corporation (TSXV: MINK) has issued the second and final tranche of 800,000 shares to Voltage Metals Corp. (CSE: VOLT) and made the second and final C$25,000 cash payment required under the option agreement to earn its 80% interest in the Montcalm Ni-Cu-Co project.
In addition, Mink has expended the required C$600,000 in exploration expenditures on the project and upon completion of the transfer of certain assessment credits in March 2024, the company will have earned its 80% interest in the property.
The Montcalm project covers 40 km2 adjacent to Glencore’s former Montcalm Mine, which had historical production of 3.93Mt of ore grading 1.25% Ni, 0.67% Cu, and 0.051% Co based on an Ontario Geological Survey, Atkinson from 2010. Montcalm has excellent access and infrastructure including an all-weather road to the property, a series of logging roads throughout, and proximity to the Timmins mining camp, enabling cost-effective mobilization and exploration.
Mink Ventures Corporation is a Canadian mineral exploration company exploring for critical minerals (nickel, copper, cobalt) at its Warren and Montcalm projects, in the Timmins, Ontario area of Canada.
Mink’s Warren Ni-Cu-Co Project is located 35km away from its flagship Montcalm project. Both projects have excellent access and infrastructure with an all-weather access road and power as well as its proximity to the skilled labour and facilities of the Timmins mining camp. After giving effect to the share issuance to Voltage Metals Corp, the company has 18,702,984 shares outstanding.
For further information, please visit: www.minkventures.com
To read more articles like this, please visit: www.theassay.com