NeoTerrex signs LOI with Fury Gold to earn up to 100% of Reservoir copper-gold project in Quebec
FURY•NeoTerrex enters non-binding LOI for Reservoir Project earn-in
NeoTerrex Minerals entered a non-binding LOI with Fury Gold Mines to negotiate an option to earn 100% of the Reservoir Project.
Earn-in requires CAD 500,000 in cash payments and CAD 3 million in exploration spending through Dec. 31, 2030; 50% must be earned by Dec. 31, 2028.
Fury retains a 2% NSR at 100% earn-in; NeoTerrex can buy back 1% for CAD 1 million before commercial production.
The project spans 6,090 hectares in Quebec’s James Bay region and hosts a polymetallic copper-gold-silver-tungsten system with historical drilling.
