Abitibi Royalties announced yesterday that it had entered into an agreement to acquire the Radium mineral claims from a group of third party sellers. Abitibi acquired a 15% carried net profit interest on the mineral claims located immediately west of the Canadian Malartic Mine open pit in Québec.
The Radium mineral claims are majority owned and operated by the Canadian Malartic Mine, a partnership between Agnico Eagle Mines and Yamana Gold. Sinclair Range advised the third party sellers in this transaction. The purchase price paid to the sellers totals $400,000. The transaction is expected to close by the end of Q3 2018.
For additional information, please contact Ray Kindiak, Managing Director.
Abitibi Royalties’ press release can be read HERE.
Want to receive a monthly update from Sinclair Range straight to your email box? Click here!