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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by Jimo82on Jan 16, 2025 1:07pm
167 Views
Post# 36407466

RE:RE:Asking some hard questions

RE:RE:Asking some hard questions Some great questions. Having John take control of IMG with 51% ownership and potentially contributing or not contributing the majority of the funds needed to kick start the project into full blown mining operations is going to be a stretch for any serious PE firm to swallow that pill and be in the subordinate position. Assuming the delay is no one is interested being the majority financer and minority owner. I have faith the Ishkoday is a great project, have little faith in the SC plan. If PE is flipping the bill, they'll want majority ownership. They'll also most likely want Cynthia to have an earn out, that's typical in deal structures for the past decade, it also prevents misrepresentation of diligence and keeps some of the indemnity back on her for the claim. The days of golden parachutes and sailing off into the sunset aren't typical deal structures anymore. You have to ask yourself, why would you let the talent sail off while you were investing Billions and assuming all liability? The answer to that question is why it's stalled. 



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