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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Iconic Minerals Ltd. is a Canada-based company, which is engaged in the acquisition and exploration of exploration and evaluation assets. The Company has various lithium and gold exploration projects in Nevada, United States. The Company's Smith Creek Lithium Property covers approximately 808 placer claims totaling 25.25 square miles (65.4 km2) over a gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Its New Pass Gold Property is located in Eastern Churchill County, Nevada. The New Pass Gold Property is comprised of 107 mining claims. Its Midas South Gold Property is situated between Ivanhoe mine and Midas mine along the Carlin Trend. The Midas South Gold Property is located along Nevada’s gold belt-the Carlin Trend.


TSXV:ICM - Post by User

Comment by MuttleyKnowson Feb 05, 2023 10:00pm
95 Views
Post# 35268170

RE:RE:RE:RE:RE:RE:Great News

RE:RE:RE:RE:RE:RE:Great NewsThe payment I was referring to has nothing to do with the NVLH merger deal and Bonnie Claire.  I am talking about the Smith Creek payments which are required for LON to earn their interest in Smith Creek.  The payment schedule is listed below and I have not seen any news announcement that the December payment was received so I assume that it was missed.  
Date Earn-In Payments (USD)
On or before December 19, 2022 or as agreed by the parties $1,750,000
On or before May 31, 2023 or as agreed by the parties $1,250,000
On or before June 30, 2023 or as agreed by the parties $1,500,000
On or before September 30, 2023 or as agreed by the parties $1,100,000
TOTAL: $5,600,000
 

Date Earn-In Payments (USD)
On or before December 19, 2022 or as agreed by the parties $1,750,000
On or before May 31, 2023 or as agreed by the parties $1,250,000
On or before June 30, 2023 or as agreed by the parties $1,500,000
On or before September 30, 2023 or as agreed by the parties $1,100,000
TOTAL: $5,600,000
 

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