Magna Terra Minerals Inc BRIOF

Primary Symbol: V.MTT

Metals & Mining Industrial Metals & Minerals

Magna Terra Minerals Inc. is a precious and critical metals focused exploration company. The Company is focused on acquiring and advancing its mineral projects in Atlantic Canada and Argentina. It is engaged in exploring its 100%-owned Humber Copper-Cobalt Project in Newfoundland and Labrador and its 100%-owned Cape Spencer Gold Project in New Brunswick. In addition, the Company has optioned the Great Northern Project in Newfoundland to Gold Hunter Resources Inc. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its Boleadora Project being advanced by Newmont Corp. under an option to purchase agreement and a precious metals discovery on its Luna Roja Project proximal to Cerrado Gold's operating Don Nicholas Project infrastructure. The Company also owns a 100% Humber Copper-Cobalt Project located in western Newfoundland, which comprises 1,627 claims in 12 mineral licenses covering a total area of 40,675 hectares.

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Magna Terra Minerals Inc

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Post by Betteryear2on May 29, 2024 11:39am

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Post# 36062429

Magna Terra Announces Agreement To Sell

TORONTO, ON / ACCESSWIRE / May 29, 2024 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT) is pleased to announce that it has entered into a Purchase Option Agreement (the "Agreement") dated May 28, 2024 with Gold Hunter Resources Inc. ("Gold Hunter") (CSE:HUNT) for the sale of its Viking and Great Northern Project ("Great Northern") or (the "Project") in western Newfoundland, for gross proceeds of $9.5 million payable as a combination of cash and Gold Hunter common shares over a two year option period.

Magna Terra Announces Agreement To Sell Great Northern Project for $9.5 Million (accesswire.com)

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