trending Market Intelligence /marketintelligence/en/news-insights/trending/IMFR4IB6mnwpVIveqpwC1A2 content esgSubNav
In This List

Silver Predator, Montego ink option for Taylor silver property in Nevada

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Silver Predator, Montego ink option for Taylor silver property in Nevada

Silver Predator Corp. said April 3 that it entered into an option agreement with Montego Resources Inc. in which the latter can acquire the former's Taylor silver property in Nevada.

Under the terms of the deal, Montego will pay US$1.2 million in cash, incur more than US$700,000 in expenditures and issue 2.5 million common shares over a three-year period to Silver Predator.

Silver Predator will retain a 2% net smelter royalty and a 1% net profit royalty.

The transaction is subject to certain conditions, including approval from the TSX Venture Exchange.