12
Aug
13:11
RARE EARTH: Search Minerals to acquire 2.5% NSR from B&A Minerals
Canada-based Search Minerals says it has entered into a non-binding letter of intent to acquire a 2.5% net smelter royalty (NSR) from B&A Minerals Ltd on properties in eastern Canada in exchange for CAD 2 million ($1.59m) and 15m shares in the company, Kallanish reports.
The purchase will reduce the NSR on properties held in Search Minerals’ developing critical rare earth district in southeast Labrador in eastern Canada and provide for increased financia…
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