Brief: Ascendant Resources Acquires 50% Ownership Of Lagoa Salgada VMS Project, Portugal
25/05/2022 11:02
May 25 (Reuters) - Ascendant Resources Inc ASND.TO :
* ASCENDANT RESOURCES ACQUIRES 50% OWNERSHIP OF LAGOA
SALGADA VMS
PROJECT, PORTUGAL
* ASCENDANT RESOURCES INC - AS PER EARN-IN AGREEMENT,
COMPANY HAS
OPTION TO EARN AN ADDITIONAL 30%, TOTALING AN 80% EFFECTIVE
INTEREST IN PROJECT
* ASCENDANT RESOURCES INC - ASCENDANT EXPECTS TO SATISFY
CONDITIONS TO INCREASE ITS STAKE IN PROJECT TO 80% BY YEAR END
Source text for Eikon: ID:nGNX2gS8Cc
Further company coverage: ASND.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Ascendant Resources
See all newsBrief: Ascendant Resources Receives Final Court Order Approving Arrangement With Cerrado Gold
Brief: Ascendant Announces Potential Export Credit Agency Support For Project Finance At Its Lagoa Salgada Project In Portugal
Brief: Ascendant Provides An Update For Its Lagoa Salgada Polymetallic Project In Portugal
Brief: Ascendant Commences Drilling Of Second Larger Step Out Geophysical Anomaly At Lagoa Salgada
Brief: Ascendant Starts Drilling “Anomaly D” Exploration Target With Analogous Signature To North Zone Massive Sulphide Deposit At Lagoa Salgada