trending Market Intelligence /marketintelligence/en/news-insights/trending/TezRYYLUPTbx-vUYKoxcgw2 content esgSubNav
In This List

Minfocus inks option to acquire Peregrine lead-zinc project

Blog

Insight Weekly: Cryptocurrency's growth; green bond market outlook; coal investors' windfall

Blog

Insight Weekly: Challenges for European banks; Japan's IPO slowdown; carmakers' supply woes

Blog

$100,000/t price spike triggers LME trading havoc

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


Minfocus inks option to acquire Peregrine lead-zinc project

Minfocus Exploration Corp. said Jan. 24 that it signed an option agreement to acquire up to a 100% interest in the Peregrine lead-zinc project in southeastern British Columbia.

Pending TSX Venture Exchange approval, the company can earn the interest over a period of two years by making optional staged payments totaling C$10,000 and issuing 1 million shares, plus granting a 2% net smelter royalty to the undisclosed seller.

Minfocus has the option to repurchase up to 1% of the NSR for C$1.0 million after commercial production.

The Peregrine property contains two regional disconformities in dolostone host rocks associated with major lead-zinc ore deposits and occurrences in North America.