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Clean Energy Transition Inc V.TRAN

Alternate Symbol(s):  GCRIF

Clean Energy Transition Inc., formerly Rogue Resources Inc., is a Canada-based company. The Company is focused on opportunities to generate positive cash flow, across the energy transition. The Company includes a Quartz division focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec. The silica in high-quality quartz can be used to make silicon metal, a key component in solar energy panels. The Snow White property is approximately 27 km northwest of the town of Massey, 105 km west of the city of Sudbury and 500 km north-northwest of Toronto. The Silicon Ridge Project is located approximately 40 km north of the City of Baie-Saint-Paul, which borders the north shore of the Saint Lawrence River in central Quebec, Canada. The property comprises eight (8) contiguous maps designated mineral claims (CDC claims), which form a rectangular block covering a total area of 462.6 ha.


TSXV:TRAN - Post by User

Post by ARIMA11on Mar 04, 2021 5:22pm
121 Views
Post# 32723561

Interesting

Interestinghttps://ceo.ca/@accesswire/rogue-update-selling-langmuir-project 

Consideration to Rogue
 
Pursuant to the terms of the Agreement, and in consideration for the transfer of the Langmuir Project, Rogue will hold at least 20% of the shares of EVNi after the Concurrent Financing and receive $150,000 in cash at closing. In addition to the consideration paid at closing, an additional future payment will be received by the Company based on the size of an updated new mineral resource estimate, expected to be completed by EVNi in early 2022. This payment will be up to a maximum of $5,000,000 paid in cash, EVNi shares, or a combination thereof with the split to be determined by EVNi.

Looks like we're going to be an Aggregator after all! :)

 

 

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