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Cullinan Metals Corp V.CMT


Primary Symbol: C.CMT Alternate Symbol(s):  CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.


CSE:CMT - Post by User

Comment by thamthamon Oct 28, 2019 9:37am
150 Views
Post# 30275973

RE:RE:2 of my earlier post.

RE:RE:2 of my earlier post.
I'll clarify something because it was confusing to some because PSC structural ownership in place and for any recent investors. In the traditional sense, it's true that if you own a share of a company that own certain assets, technically you're also part owner of that certain assets technically speaking as long as you don't sell your share.

With PSC, it's different because there's also separate 'real' ownership in place. So in the case of SOW, they had 20% ownership of AGRA AND also 20% of PSC with the initial buy-in agreement. So even if SOW sells their 20% of AGRA, still has 20% ownership of PSC. So whatever PSC would make, 20% goes to SOW without having any share in AGRA. When SOW sold the first batch of shares received from AGRA, they still got their 20% ownership of PSC and didn't lose it until AGRA bought back from them.
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