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Tintina Mines Ltd TNNTF


Primary Symbol: V.TTS

Tintina Mines Limited is a junior mining company. The Company focuses on the acquisition, exploration and development of base and precious metals properties in Canada and Chile. Its principal assets include the Red Mountain molybdenum deposits located in the Whitehorse Mining District in Yukon and the Watson Lake project in the southeastern of the Yukon Territory. The Watson Lake Project is located in the southeastern of the Yukon Territory, approximately 225 kilometers east of Whitehorse and 180 kilometers northwest of Watson Lake. Watson Lake Project comprises 11 claims, which form a contiguous block of approximately 228 hectares. It also holds approximately 22,819 hectares across five different properties in Chile, with the flagship property being the Domeyko Sulfuros project in Northern Chile. It also holds interest in Wark Township, which consists of 159 acres (approximately 64 hectares) of patented mineral rights located in Wark Township, northeastern Ontario.


TSXV:TTS - Post by User

Post by Betteryear2on Mar 28, 2022 3:27pm
197 Views
Post# 34553059

Tintina Announces Execution of Royalty Repurchase Agreement

Tintina Announces Execution of Royalty Repurchase Agreement

TORONTO, March 28, 2022 (GLOBE NEWSWIRE) -- Tintina Mines Limited (“Tintina” or the “Company”) (TSX VENTURE: TTS) is pleased to announce that it has entered into a royalty repurchase agreement, with an effective date of March 17, 2022, and signed on March 25, 2022, with Canadian Malartic GP (“CMGP”), an Ontario general partnership, in which CMGP will exercise its buy-out option to repurchase the 2% net smelter return royalty held by the Company over the Rand property (the “Buy-Out Option”) for a total purchase price of $7,000,000 (USD). The exercise of the Buy-Out Option by CMGP is also subject to the terms and conditions of an existing Net Smelter Royalty Agreement between the Company and CMGP (the “Royalty Agreement”).
 


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