Pacific Bay Expands Haskins-Reed Critical Minerals Project Near Cassiar, BC Via Option Deal with Eagle Plains Resources
Pacific Bay signed a non-binding letter of agreement to acquire a 100% interest in the Mount Haskins Property from Eagle Plains Resources, expanding its footprint adjacent to the existing Haskins-Reed project. To earn the 578-hectare property, Pacific Bay will issue 4.25 million shares over four years and incur $950,000 in exploration expenditures, subject to TSX Venture Exchange approval.
Key figures
- Property size hectares
- 578
- Nsr buyout option price
- $2,000,000
- Exploration commitment total
- $950,000
AI analysis
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