Angkor Resources Corp V.ANK

Alternate Symbol(s): ANKOF

Metals & Mining Gold

Angkor Resources Corp. is a resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. The Company, together with its subsidiaries, is principally engaged in the exploration of its mineral property interests and its oil and gas interests. It is focused on mineral property interests located in the Kingdom of Cambodia in the provinces of Ratanakiri and Mondulkiri as well as pursuing oil and gas opportunities in Canada and Cambodia. It is involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan. Its onshore Cambodia Block VIII is an approximately a 7,300 square kilometer (km2) oil and gas concession in Cambodia. Its three exploration licenses in the Kingdom of Cambodia cover approximately 366 square kilometers. Its mineral explorations include Andong Meas, Oyadao and Andong Bor. The Andong Meas covers an area of over 118 km2. The Oyadao covers an area of around 148 km2. The Andong Bor covers an area of over 100.29 km2.

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Angkor Resources Corp

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Post by averagepennieson Nov 08, 2023 8:42am

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Post# 35723173

Angkor Resources Signs US $4.0 Million Joint Exploration and

HIGHLIGHTS

The Properties under the JEDA, signed Nov. 3, 2023, include the Oyadao North license and the Andong Meas license and all mineral claims on prospects of the two licenses, both located in Ratanakiri Province.
ANGKOR will receive an upfront, non-refundable US$150,000 payment.
Almighty shall contribute 100% of the costs through exploration, feasibility, production permit application, mine construction, and production to earn an 80% interest in the Properties.
Almighty commits to spending $4 million USD over 48 months on the Properties, through exploration, development, and production activities.
ANGKOR shall maintain a 20% carried interest in the Projects and has the option to convert the interest to a five percent (5%) Net Smelter Royalty (“NSR”) after the issuance of a mining production permit.
ANGKOR shall be the Operator and shall collaborate with Almighty to combine best technical expertise, expediting work programs, and pursuing feasibility studies and production permits on multiple prospects across the two licenses.

https://www.thenewswire.com/press-releases/1LmPF23EY-angkor-resources-signs-us-40-million-joint-exploration-and-development-agreement-on-two-cambodian-mineral-properties.html