trending Market Intelligence /marketintelligence/en/news-insights/trending/WVAsRqTvJvJ0bAvaInwLiw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Search Minerals closes patent purchase deal with InCoR Holdings

Blog

Essential Energy Insights - March 2021

Blog

Essential Metals & Mining Insights - March 2021

Blog

Nickel CBS March 2021 — Tsingshan's battery nickel announcement hits sentiment

Blog

Asia Pacific Markets Monthly Newsletter March 2021


Search Minerals closes patent purchase deal with InCoR Holdings

said March 29 thatInCoR Holdings plc has paid the final installment of C$200,000 relating to a salt technologypatent purchase agreement between the parties.

With the finalpayment, InCoR has completed all terms and conditions set forth in the deal.

The two companieswill complete the closing documents to transfer all of Search Minerals' right, titleand interest, including all legal and beneficial interest in and to the salt assets.

"This finalpayment of [C]$200,000 fully satisfies and discharges InCoR from any further obligationunder the patent purchase agreements. The total consideration of [C]$650,000 receivedby Search during these difficult market conditions is a testament to the commitmentof the board and management to minimize shareholder dilution with the sale of thisnon-core asset," said Greg Andrews, president and CEO of Search Minerals.