The TSX Venture Exchange has accepted for filing documentation with respect to the disposition of certain non-core assets of the company, including five surface mineral leases, including Coffey Lake, the Warrensville South and North properties, two inventory stockpiles, one metallic and industrial mineral lease, and equipment associated with select pits. Pursuant to the terms of a purchase agreement between the company and an arm's-length vendor, the company will dispose of its non-core assets to the vendor in return for an aggregate cash consideration consisting of $3.2-million.

Out of the cash consideration, $300,000 will be subject to a holdback until the assignment and transfer of the leases and upon completion of certain outstanding regulatory obligations on one of the leases.

For further details, please refer to the company's news release dated June 30, 2023.