Bullboard - Stock Discussion Forum Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift... see more

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TSXV:TUO - Post Discussion

Teuton Resources Corp > Spin-out of non Treaty Creek assets

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Post by Robizounskin on Jul 16, 2024 7:11pm

Spin-out of non Treaty Creek assets

When this will occur, how is the progress so far, we need to have this done prior a major event happen at Treaty Creek. Tudor and AMK completed that a while ago. It will be interesting to see the new pricing of each new entities and how they will split the related NSR.

Dino Cremonese, P. Eng., commented as follows: “A spin-out of our non-Treaty Creek assets has been contemplated by the Company for some time. Originally, we considered putting all of these into one company, but after reflection it seemed more logical to divide the spin-out assets into two separate groups. The ones going into Company X are mostly copper and copper-gold and it makes sense to keep all of them in a single unit, especially now that copper has been declared a critical metal. As for the remaining properties east and southeast of Stewart, we intend to monitor the progress of exploration on Goliath Resources’ neighbouring Golddigger property and the gold and silver properties of Dolly Varden before deciding how to divest these.“

Link to the initial news;

Proposed Spin-out of Teuton Copper-Gold Properties South of the SulphuretsHydrothermal System; Application for OTC QB Listing; Advisory Board - Teuton

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