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.

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Cullinan Metals Corp > Loan

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Comment by moonball32on Nov 23, 2020 12:21pm

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Post# 31952813

RE:RE:RE:Loan

Borrow against assets ? That is exactly how the loan would have been secured, there will a GSA and specific security against all assets.There will a few covenants that the company will have to adhere to to keep the loan in place, one of which will be based on profitability. I suspect the market is waiting for the license and results of the harvest and more importantly, sale agreements . This loan speaks volumes towards the legitimacy of this investment

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