trending Market Intelligence /marketintelligence/en/news-insights/trending/tLZckmJ_A6Lle1Bx_MaezQ2 content esgSubNav
In This List

GSP Resource to acquire Alwin copper-gold-silver project in British Columbia

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?

Case Study

Quantifying the Mining Sector's Equipment & Service needs for Business Development & Resource Allocation Strategy


GSP Resource to acquire Alwin copper-gold-silver project in British Columbia

GSP Resource Corp. said Jan. 8 that it inked a letter of intent to acquire the Alwin copper-gold-silver project, which includes the past-producing Alwin copper mine in British Columbia, from vendors Richard John Billingsley and S. Gaye Richards.

The acquisition costs C$250,000 in cash, 4.5 million common shares, and a 1.8% royalty. GSP has the option to repurchase 0.8% of the royalty for C$1.5 million.

The acquisition includes the vendor's right, title and interest in and to the mineral claims on the project.

GSP believes the Alwin project will complement its existing Olivine Mountain copper project, also in British Columbia.