Do Premium Shareholders Have Any Claim??? Endomines AB (the “Company” or “Endomines”) is pleased to announce that it has signed an agreement with H&H Metals for the sale of gold concentrates produced from the Company’s Friday Mine (the “Project”) located in Idaho, USA, with an initial 20 WMT trial lot expected to be delivered in March, 2020. The total annual concentrate supply to H&H Metals is expected to contain between 12,000 and 15,000 ounces of payable gold. The Company will earn a 95% payable amount based on the gross value of the concentrate at spot prices, net of certain transportation and processing costs.
The agreement was signed following a series of detailed negotiations focused on achieving a mutually beneficial and workable agreement for both parties.
Greg Smith, CEO of Endomines, comments: “We are extremely pleased with this agreement with H&H Metals which secures a sales outlet for our gold concentrate, this represents long awaited cash flow for our Friday Mine, and we are looking forward to building a lasting relationship with H&H Metals.”