Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.

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Teuton Resources Corp > Will Optimum spend over $2 million on Harry in 2022?

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Post by rockport1on Apr 20, 2022 6:52pm

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Post# 34618417

Will Optimum spend over $2 million on Harry in 2022?

So Optimum has over $4 million in cash. They have few required committments in 2022 for other properties. The required spend on Harry before Sep 13/22 is only $500 k, which I believe they have already carried out or close to it. A further $1 million in exploration is required by Sep 2023 on Harry.

However, Optimum did a flow-through financing in Dec 2021 which requires this (from their MD&A):

At December 31, 2021, the Company had not incurred any flow-through exploration expenditures. The Company is required to incur $2,320,000 of flow-through exploration expenditures by December 31, 2022 to meet its commitment.

So, does this mean that Optimum will accelerate their exploration activities on Harry to the tune of $2 million plus in 2022? If so, hold on folks, the Harry property has just jumped solidly into second place (behind Treaty Creek, of course) in Teuton's importance list. Excitement level rising!

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