Options out the Pomme REE carbonatite project to Mt Monger.. Geomega Resources Inc./ TSXV: GMA:Options out the Pomme REE carbonatite project to Mt Monger Resources (ASX: MTM/MCAP: A$7M)
Our analyst opinion: GMA has attracted an option partner for one of its non-core assets. MTM can acquire a 100% interest for A$520k in cash and shares, and A$2M in exploration expenses over three years. GMA will retain a 2% NSR.
Read our Weekly Industry Insights for more: https://www.researchfrc.com/our-near-term-outlook-for-the-us-and-metal-prices/
*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.