18:06:28 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Rover Critical Minerals Corp
Symbol ROVR
Shares Issued 52,748,338
Close 2024-04-04 C$ 0.035
Market Cap C$ 1,846,192
Recent Sedar Documents

Rover Critical amends Cabin, Let's Go property deals

2024-04-05 16:46 ET - News Release

Mr. Judson Culter reports

ROVER PROVIDES ADMINISTRATIVE UPDATE ON CONTRACTUAL OBLIGATIONS FOR ITS MINERAL RESOURCE PROPERTIES

Rover Critical Minerals Corp. has renegotiated both: (1) the Cabin gold project advance royalty agreement; as well as (2) the Let's Go lithium (LGL) project option agreement.

Cabin gold project, Northwest Territories, Canada

The company will make a common-share-based payment in the amount of one million common shares (with a deemed value of $30,000) to satisfy its 2024 advance royalty payment obligation with Silver Range Resources. The share issuance has been conditionally approved by the TSX Venture Exchange and the shares will bear the standard four-month regulatory hold period from the date of issuance.

Let's Go lithium project, Nye county, Nevada, United States

The company has extended a payment deadline in the underlying purchase option agreement for LGL with the vendor of the project, GenGold2 LLC, such that a $100,000 (U.S.) common-share-based payment has been extended to on or before Jan .31, 2025.

Judson Culter, chief executive officer at Rover, states: "We continue to preserve our cash position and keep a low burn rate as we ride out the bear market in junior mining stocks. We have tremendous relationships with all of our business partners that allow us to stay nimble, while at the same time allowing us to execute on the continued growth of the business."

Paddy Moylan, Rover's president, comments: "We always ensure we have the best deals in place for our holders. The work continues."

Swiss business development consultant

Further to its news release of May 26, 2023, the company has terminated its agreement with its Swiss business development consultant effective March 31, 2024. Pursuant to the terms of the agreement, a final common share payment of 150,000 common shares (with a deemed value of $7,500) will be issued for the final three months of the contract. The share issuance has been conditionally approved by the TSX-V. The shares will bear the standard four-month regulatory hold period from the date of issuance. The company will continue to work with the Swiss consultant on an as-needed basis in the coming months.

About Rover Critical Minerals Corp.

Rover is a publicly traded junior mining company that trades on the TSX-V under symbol ROVR, on the OTCQB under symbol ROVMF, and on the Frankfurt Stock Exchange under symbol 4XO. The company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc and copper. Its precious metals projects include gold and silver. The company is exclusive to the mining jurisdictions of the U.S. and Canada.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.