- BeMetals Corp. (BMET) has terminated an option agreement with Thunder Mountain Gold, Inc.
- Under the agreement, BeMetals had the option to acquire up to a 100 per cent interest in the South Mountain Project in southwest Idaho
- The company will focus on exploring other projects, including the Kato Project in Japan
- BeMetals is a precious and base metals exploration and development company
- BeMetals Corp. (BMET) is up 4.17 per cent on the day, trading at C$0.125 per share at 9:45 am ET
BeMetals (BMET) has terminated an option agreement with Thunder Mountain Gold.
Under the agreement, BeMetals had the option to acquire up to a 100 per cent interest in the South Mountain Project in southwest Idaho.
John Wilton, President and CEO of BeMetals, stated,
“While we have delivered a significant expansion to the South Mountain resource and made numerous advancements in mining and metallurgical studies at the South Mountain Project, BeMetals has decided to terminate this Option Agreement in order to focus exploration funding on its other projects. These projects comprise our Kazan portfolio of prospective gold properties in Japan, including the Kato Project, where the Company’s drilling has been expanding the scale of the epithermal Seta Vein system. In addition, the Company is also continuing to advance exploration efforts with our joint venture partners at the Pangeni Copper Project in the Zambian Copperbelt, and we remain committed to continuing to assess additional project acquisition opportunities in the precious and base metals sector.
We would like to thank Thunder Mountain and our locally based team of consultants for their support and their constructive input into this project.”
BeMetals is a precious and base metals exploration and development company focused on becoming a leading metal producer. The company has established itself in the gold sector by acquiring a portfolio of wholly-owned exploration projects in Japan.
BeMetals Corp. (BMET) is up 4.17 per cent on the day, trading at C$0.125 per share at 9:45 am ET.