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South32 earning into Trilogy's Alaska assets
Trilogy Metals has signed an agreement with South32 Ltd that grants South32 an option to form a 50:50 joint venture with respect to Trilogy's assets in the Ambler mining district in northwest Alaska. South32 must contribute a minimum of $10 million each year for a maximum of three years to keep the option in good standing and may exercise its option at any time to form the 50:50 joint venture. To subscribe for 50% of the joint venture, South32 must contribute a minimum of $150 million, plus any amounts Trilogy spends at the Arctic project over the next three years to a maximum of $5 million per year, less an amount of the initial funding contributed by South32.
South32 earning into Trilogy's Alaska assets
Trilogy Metals has signed an agreement with South32 Ltd that grants South32 an option to form a 50:50 joint venture with respect to Trilogy's assets in the Ambler mining district in northwest Alaska. South32 must contribute a minimum of $10 million each year for a maximum of three years to keep the option in good standing and may exercise its option at any time to form the 50:50 joint venture. To subscribe for 50% of the joint venture, South32 must contribute a minimum of $150 million, plus any amounts Trilogy spends at the Arctic project over the next three years to a maximum of $5 million per year, less an amount of the initial funding contributed by South32.
South32 earning into Trilogy's Alaska assets
2017
Aufsatz (Zeitschrift)
Englisch
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