24
Feb
14:35
GRAPHITE: Northern Graphite signs option for Mousseau West project
Northern Graphite says it has signed an option agreement that could give it a 100% interest in the Mousseau West graphite project in Quebec, Kallanish reports.
Northern Graphite will pay CAD 50,000 ($38,960) for the option. That agreement gives the Ontario-based company a six-month exclusive right to conduct due diligence on the property that is 150 kilometres north of Montreal, Quebec. If the company elects to exercise its option, it will pay CAD 500,000 in cash …
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