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Golden Peak to acquire 80% interest in Batt cobalt claims from Strategic Metals

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Golden Peak to acquire 80% interest in Batt cobalt claims from Strategic Metals

Golden Peak Minerals Inc. said March 26 that it signed an option to acquire an 80% interest in the cobalt-prospective Batt claims in Canada's Yukon Territory from Strategic Metals Ltd. in a cash and shares deal.

Subject to regulatory approval, the Canadian junior precious metals miner must pay C$25,000 in cash and 250,000 shares, then complete a C$500,000 spend on the property over three years. Strategic Metals will retain a 1% net smelter returns royalty.