Market missed this?11 Jun 2026 16:27
"Further to the Company's announcement of 5 June 2025 regarding the execution of a Letter of Intent in relation to the proposed monetisation of one of its Ontario assets, the Company is pleased to report that material commercial terms have now been agreed between the parties and the definitive transaction documentation is close to being finalised.
The transaction has now entered the final completion phase, with only customary legal formalities, funding settlement procedures and closing mechanics remaining. The parties continue to work closely together and are working towards the conclusion and execution of the definitive agreement expeditiously.
The Company believes the transaction, once completed, would represent a significant milestone for the Company, providing substantial non-dilutive funds outside of traditional funding sources, whilst maintaining exposure to future additional funding opportunities associated with the property.
The Company looks forward to providing a further market update upon completion of the definitive agreement.
Marc J. Sale, the Company CEO, commented:
"This transaction has been the main focus of management's efforts for a considerable time and I personally have dedicated significant time to progressing this 'deal'. I feel we are nearing the finish line and the rewards to the company will have been worth the efforts."