trending Market Intelligence /marketintelligence/en/news-insights/trending/w7jwiuihh6mam0k0ybg0vw2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Chalice inks farm-in with Globex to acquire Nordeau gold project in Quebec

Streaming Media Devices Feel The Squeeze In Q3'19

AT&T To Use Wireless Subs To Create Buzz For HBO

Municipal CUSIP Requests On Pace For Record Year, Thanks To October Issuance Surge

Creating an Efficient Enterprise Wide Credit Risk Management System for a Leading Energy Company

Chalice inks farm-in with Globex to acquire Nordeau gold project in Quebec

Chalice Gold Mines Ltd. has entered into a binding option and farm-in terms sheet to acquire Globex Mining Enterprises Inc.'s full interest in the Nordeau gold project in Quebec's Abitibi region.

The 1,450-hectare project consists of claims wholly owned by Globex and certain claims in which it holds a 60% interest.

Under the terms, Chalice will be required to make annual payments totaling C$590,000 over a four-year option period and undertake exploration work totaling C$2.5 million.

Upon exercising the option, Chalice will grant Globex a 3% gross metal royalty.

The transaction is subject to satisfactory completion of due diligence, while Chalice retains the right to withdraw without earning an interest in the project at any time.

Additionally, Chalice also plans to undertake a detailed review of previous drilling results as a priority, it noted in an Oct. 11 release.