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Sphinx, Osisko Metals finalize JV for zinc exploration in Quebec

Sphinx Resources Ltd. finalized a definitive joint venture agreement with Osisko Metals Inc. to explore for zinc in prospective areas of southern Quebec's Grenville geological province.

Each party will spend an initial C$1.3 million over the next five years, increasing from the C$1.1 million previously contemplated, according to an Oct. 17 release.

All other terms remain the same as the letter agreement signed in May.