trending Market Intelligence /marketintelligence/en/news-insights/trending/-hgaFFgECHYnF6AYPzI_-A2 content esgSubNav
In This List

Canadian Platinum nixes deal to sell Peter Lake gold project to American Energy

Blog

Global Clean Action Energy Forum

Video

Insight Monthly, October 2022

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall


Canadian Platinum nixes deal to sell Peter Lake gold project to American Energy

Canadian Platinum Corp. has elected to terminate an agreement to sell its Peter Lake gold property in northern Saskatchewan to American Energy Metals Corp.

The company said Dec. 6 that American Energy was unable to complete its corporate structuring and failed to meet its initial obligations in the agreed timeframe.

Canadian Platinum has notified American Energy regarding termination of the deal, in order to pursue other opportunities to advance the project.

In early October, the companies revised the deal for the Peter Lake property sale, with Canadian Platinum later granting American Energy a one-month extension to meet its obligations.