Wallbridge Mining Sells Detour East Property to Agnico Eagle for $8 Million and 2% NSR Royalty
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Wallbridge Mining Company Limited has sold its Detour East mineral claims to Agnico Eagle Mines Limited for $8 million in cash and a 2% net smelter return (NSR) royalty. Agnico Eagle has a $4 million buyback option on the royalty. This transaction provides Wallbridge with immediate liquidity, allowing the company to concentrate on its core exploration projects in Quebec’s Detour-Fenelon Gold Trend.
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