DLT Resolution Inc. Signs Letter of Intent to Acquire Emerging Gold Production Company
DLT Resolution signed a Letter of Intent to acquire J3M Gold Corporation, marking a strategic pivot into gold production. The proposed transaction involves issuing common shares and a 52% earn-in requiring approximately US$3 million in capital to upgrade the Las Palmas mill in Chile. Management expects the mill upgrades to yield production of roughly 10,000 ounces of gold in the first operating year. The company also aims to increase mill throughput to 80 tonnes per day and mine production to 100 tonnes per day.
Key figures
- Deal Value Usd
- 3000000
- Earn in investment usd
- 3000000
- Target mill production tpd
- 80
- Target mine production tpd
- 100
- Las palmas mill capacity tpd
- 250
- Las palmas current production tpd
- 35-38
- Expected gold production oz first year
- 10000
AI analysis
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