Cru.v. Valuable info Acquisition Overview
The acquisition of the Max Mine and Mill is a major development and a catalyst for growth as CRU only has a $5,000,000 market cap and these assets represent an opportunity of drastic growth in the valuation of the firm by 5x – 10x conservatively in the near term.
The deal is a combination of $203,982 in cash considerations, 5 million common shares and a grant of 50% net profit interest in the two mining properties going forward. The net profit grant is active only after Cameo has recouped its capital investment and pre-production cost.
Roca Mines Inc., the previous operator of the Max Mine and Mill traded at a market capitalization of more than $400,000,000. This highlights the management teams acquisition prowess and can give investors confidence in further growth of CRU.
MAX Mine/Mill Overview
The Max Mine and Mill includes an underground molybdenum mine, crushing, milling and concentrating facilities, tailings storage facilities, mineral claims, mining leases, licenses. other The project is located near Trout Lake in the Revelstoke mining division of British Columbia.
The Max Project is turnkey and permitted with investments exceeding $80 million. The property is 5,489 hectares and consists of 59 mineral claims. The mine holds 22 million tons of 0.5% molybdenum and is one of the top 2 richest molybdenum deposits in Canada.