Trident Unlocks Value from Non-Core Knife Lake Copper Project Through Option Agreement with Apogee Minerals
Trident Resources entered into an option agreement with Apogee Minerals to divest its non-core Knife Lake Copper Project, allowing Apogee to earn a 100% interest. Trident will receive C$400,000 in cash, C$700,000 in deemed equity value, and C$1,000,000 in funded exploration spend over two years, retaining no obligation to fund future work.
Key figures
- Deal value cash
- 400000
- Shares on closing
- 7400000
- Exploration commitment
- 1000000
- Deal value shares deemed
- 700000
AI analysis
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