Meridian Mining UK Societas T.MNO

Alternate Symbol(s): MRRDF

Metals & Mining Industrial Metals & Minerals

Meridian Mining UK Societas is focused on development and exploration of the advanced stage Cabacal VMS gold-copper project, regional scale exploration of the Cabacal VMS belt and exploration in the Jauru & Araputanga Greenstone belts (the above all located in the state of Mato Grosso, Brazil). The Cabacal Project has licenses covering approximately 50 kilometers (km) of the 55 km VMS belt. The Espigao Project is located on the southwest margin of the Amazon Craton, in the western margin of the Proterozoic Rondonia-Juruena Province. The Company’s Espigao Project covers an area of 72,800 hectares. The Company holds mineral rights totaling 55,559 Ha in the Mirante da Serra Project. The licenses cover an area with an intracratonic basin in the Amazon Cratin, emplaced over crystalline basement rocks of the Jamari metamorphic complex and Mesoproterozoic Rapakivi granites. Its Ariquemes Tin Project comprises a land package in Brazil.

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Meridian Mining UK Societas > Questions??

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Comment by TFSAfundson Jul 07, 2021 1:03pm

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Post# 33505839

RE:RE:Questions??

killr, from the initial NR...

USD 3.2M loan to Cancana Resources Corp2 (“Cancana”) converted to a 2% net smelter return royalty covering each of the following projects :
o 2% on Espigo polymetallic;
o 2% Mirante da Serra manganese;
o 2% Ariquemes tin; and
o 100% of the royalty on each project can be bought back for USD 2.0M.

And the NSR was subsequently upped to 3%.