on Storm Exploration Inc. (isin : CA86218J1057)
Storm Provides Update on Miminiska & Keezhik Option Agreement
Storm Exploration Inc. (TSXV:STRM) has announced an update regarding its option agreement to acquire full interest in the Miminiska and Keezhik properties from Landore Resources Canada Inc., a subsidiary of Landore Resources Limited. The company acknowledged missing the payment due on June 28, 2024, as per the amended agreement.
Storm is currently in discussions with Landore's management to renegotiate the agreement, considering the time needed to finalize an exploration agreement with the Eabametoong First Nation, in whose traditional territory the projects are located.
Bruce Counts, President and CEO of Storm, expressed his eagerness to work with Landore's new management to find a mutually beneficial resolution.
R. E.
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