Voyager Metals Inc (TSXV: VONE) has signed an agreement to extend the maturity of the previously announced C$3.9M non-convertible secured debentures.
The new maturity date of the debentures has been extended to 31 May 2023., and all other terms of the debentures remain as previously announced.
The company also says it has granted an aggregate of 150,000 incentive stock options to certain eligible participants under its amended and restated omnibus incentive plan. The options are exercisable, subject to vesting provisions, over a period of five years at a price of C$0.12 per share.
About Voyager Metals
Voyager Metals Inc is a mineral exploration company headquartered in Toronto, Canada. The company is focused on advancing its Mont Sorcier, Vanadium-rich, Magnetite Iron Ore Project, located just outside of Chibougamau, Quebec.
At Mont Sorcier, Voyager is rapidly advancing the project towards feasibility and permitting. The project currently has Indicated Resources of 679Mt grading 27.8% magnetite and 0.20% V2O5, with the potential to produce 195Mt of magnetite concentrate grading at least 65% Fe and 0.52% vanadium pentoxide (V2O5) and a further Inferred Resource estimated at 547Mt grading 26.1% magnetite and 0.17% V2O5, with the potential to produce 148Mt of magnetite concentrate grading at least 65% Fe and 0.52% vanadium pentoxide (V2O5).
To find out more, visit: https://voyagermetals.com/