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Pace Metals Ltd
Symbol PACE
Shares Issued 4,258,760
Close 2024-05-31 C$ 0.17
Market Cap C$ 723,989
Recent Sedar Documents

Pace Metals amends Nemaska2 option agreement

2024-05-31 16:50 ET - News Release

Mr. Robert Birmingham reports

PACE METALS ANNOUNCES AMENDMENT OF NEMASKA2 OPTION AGREEMENT

Pace Metals Ltd. has amended the option agreement with respect to the Nemaska2 property.

Pursuant to the amendments, the company' wholly owned subsidiary, 1000196193 Ontario Ltd., may now earn a 100-per-cent interest in the property by: (1) making cash payments of $25,000 prior to Sept. 30, 2024, and $50,000 prior to Dec. 31, 2025; and (2) incur exploration expenditures of minimum $100,000 prior to Dec. 31, 2025. In consideration for the amendment, the company has made a cash payment to the optionor of $5,000. Net smelter return royalty and bonus milestone payment terms of the Nemaska2 option agreement remain unchanged.

Additionally, the company has provided notice of its intention to terminate the Nemaska2 Extension property option, which included claims contiguous to Nemaska2.

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