Cyclone Metals (ASX:CLE) signed a memorandum of understanding with Brazilian mining company Vale to develop its Iron Bear project in Canada, according to a Friday filing with the Australian bourse.
The partnership aims to advance Iron Bear to the decision to mine (DTM) stage, with a two-phase investment pathway for Vale to earn up to a 75% interest in the project, the filing said.
Once DTM is achieved, Vale will have the right to acquire full control of the project, subject to shareholder approval, according to the filing.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。