2023-09-12 09:33:03 ET
- Auxico Resources Canada ( OTCQB:AUXIF ) said Tuesday it has executed a memorandum of understanding to acquire an 85% equity interest in Empresa Minera El Benton S.R.L.
- Empresa holds the mining title and rights to the El Benton Mine and adjacent Monte Verde concessions.
- The MOU entails a USD $40,000 initial payment and a payment of USD $100,000 due on delivery of mining and environmental permits, which are currently being renewed.
- Auxico will retain an 85% equity interest in the El Benton Mine, including all applicable mining rights, titles, registrations, and licenses.
- Auxico will retain 85% of the profit share under the format of a joint venture.
- Press Release .
For further details see:
Auxico takes 85% stake in El Benton mine in Bolivia