Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp > Debt

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Comment by mortgages101on Aug 03, 2022 12:18pm

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Post# 34868393

RE:RE:Debt

Well on the recent video from last week MS now had a value of $40M on investments and said they were looking at retiring the debt by year end as oppose to this month which was expected as they are set to close the 2nd tranch Friday and the funds must go to pay the Sprott inc debt. So why mention by year end if you're a week away from paying it off from the sale if you're confident. It's $20M for ES than to buy them at current price. If ES says no, is nOvo going to sue ES?

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