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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 7Twiggyon Apr 22, 2021 12:37pm
180 Views
Post# 33045405

Hmm

HmmWonder if all this cleaning up of loose ends is just setting the company up for a buyout or a sale of Delta or Farmako. If it happens we could end up holding shares in one of the big companies. Wouldn't help those that got in at the high double digits, but could mean a lot to those that got in sub .20. If I recall that last MD&A mentioned that a lot of consulting was done by companies owned Management or Directors.  The press release suggests they are at arms length.  That's we need the consultants names.
November MD&A
The Company has identified the directors and senior officers as key management personnel. The following table lists the compensation costs paid directly or to companies controlled by key management personnel for the period ended September 30, 2018 and the year ended December 31, 2017: Nine months ended September 30, 2018 Fees Share-based compensation Christopher Hornung $ - $ - Cherry Consulting Ltd 18,600 - Elben Capital Inc. 98,000 617,898 FourOneSix Inc. 125,000 308,949 Clairewood Partners / David Parry 30,250 617,898 Jerry Habuda - - Shawn Moniz - - Joseph Perino - - $ 271,850 $ 1,544,745 Year ended December 31, 2017 Fees Share-based compensation Christopher Hornung $ 7,500 $ - Cherry Consulting Ltd 34,704 27,741 Elben Capital Inc / Derek Ivany 134,190 36,862 FourOneSix Inc. 80,000 9,881 Clairewood Partners / David Parry 31,000 452,988 Jason Springett - - Jerry Habuda 7,500 - Joseph Perino 7,500 - Shawn Moniz 0 9,881 $ 302,394 $ 537,353
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