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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

Post by Toweringmarson Nov 17, 2020 7:08pm
915 Views
Post# 31919340

Will be interesting

Will be interesting To see how much cash they have left. Might die on the vine here. I doubt many lenders are willing to touch unsecured debentures here, and their share structure is the reason they're in the dumps. An equity raise at these levels would almost wipe out current shareholders. And defaulting on secured debentures will more than likely force creditor protection long enough to sell the assets for a couple million. My this industry has its share of wealth transfer.

ahhhh the joys
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