Labrador Resources Inc V.LTX

Metals & Mining Industrial Metals & Minerals

Labrador Resources Inc. is a resource exploration company focused on the acquisition and development of uranium and rare earth projects in Canada's Athabasca Basin and the development of an oil and gas property in the Atlee area of Alberta. It also has an agreement to acquire about 16 contiguous uranium exploration mineral claims covering 54,450 hectares in northern Saskatchewan. Located 60 kilometers southwest of the Key Lake Uranium mine and mill, these claims are situated within the uranium-rich Wollaston-Mudjatik Transition Zone (WMTZ), which hosts one of the highest-grade uranium deposits.

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Labrador Resources Inc

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Post by Money2015on Apr 20, 2015 10:46pm

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Post# 23648723

Could this be on the verge on becoming a bigger deal????

On November 10, 2009, the Corporation announced a global strategic agreement with IHS Inc. (“IHS”) to distribute Labrador’s eTriever web application bundled with IHS Canadian Oil and Gas Critical Information. In connection with this agreement, the Corporation received a US$240,000 payment for data modeling services to ensure eTriever compatibility with the IHS Canadian Oil and Gas data. This amount was recognized as Data Modeling revenue (note 11) rateably over the three year term of the agreement.

License fees received from the Corporation’s eTriever product are recognized ratably over the term of the license fee. The deferred revenue balance as at October 31, 2014 represents eTriever license fees received but not yet recognized.

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