trending Market Intelligence /marketintelligence/en/news-insights/trending/e8ul43vmqolf0dnrt0wboa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Monument secures exclusive option for 51% stake in Matala gold project

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Monument secures exclusive option for 51% stake in Matala gold project

Monument Mining Ltd. on Dec. 28 said it secured a six-month exclusive option to acquire a 51% stake in the Matala gold project in the Democratic Republic of the Congo from Panex Resources Inc.

This comes after Monument withdrew in May from a joint venture agreement with a unit of Afrimines Resources SARL to earn up to a 90% interest in the project.

Panex acquired the project through a farm-in agreement with Afrimines.

Monument will pay a one-time option fee of US$250,000 to Panex within 10 days of closing the option deal and will issue 20 million fully paid ordinary shares upon exercising the option.

The exclusive option provides for Monument to further evaluate the drilling and exploration results at Matala.