04:59:08 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 119,630,170
Close 2022-11-04 C$ 0.015
Market Cap C$ 1,794,453
Recent Sedar Documents

Kermode enters LOI to acquire Mount Polley East

2022-11-10 12:51 ET - News Release

Mr. Peter Bell reports

LETTER OF INTENT FOR "MOUNT POLLEY EAST" PROPERTY OPTION

Kermode Resources Ltd. has entered into a non-binding letter of intent to acquire the Mount Polley East project. The project comprises mineral tenure No. 1098327 owned by Richard Young. The claims cover 432 hectares approximately eight kilometres from the Mount Polley mine in British Columbia.

The LOI provides for a due diligence period extending to Feb. 1, 2023. During this period, Kermode can conduct any work on the project prior to entering a definitive agreement for a property purchase option.

Other terms and conditions:

  • 4-per-cent net smelter return royalty, where 3 per cent can be bought down for $3-million entirely or in part.

About Kermode Resources Ltd.

Kermode is a junior mining company hunting for exploration opportunities around the world.

We seek Safe Harbor.

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