trending Market Intelligence /marketintelligence/en/news-insights/trending/rtt622agoo9-zrg-sica_w2 content
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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Altius selling Newfoundland silver-copper-lead-zinc project

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Altius selling Newfoundland silver-copper-lead-zinc project

Altius Minerals Corp. said March 28 that it executed a letter of intent to sell its Sail Pond silver-copper-lead-zinc project in Newfoundland to privately held explorer New Found Gold Corp.

The company will receive 12 million common shares in New Found Gold and a 2% net smelter returns royalty over the project upon closing.

The deal is conditional upon New Found Gold listing its common shares on a recognized Canadian stock exchange and raising at least C$7.5 million via a private placement, of which Altius would invest at least C$1 million.

New Found Gold must also commit to spending C$1 million on exploration within 12 months of closing, including an unconditional nonrefundable commitment of C$250,000 by Oct. 31.

Altius will remain operator of the work program on the property in 2018.

The deal is expected to close by Sept. 30.