Beyond Minerals Finalizes Acquisition of Ear Falls Project and Amends Offering Document
Beyond Minerals Inc. has completed final option payments to fully acquire the Ear Falls Project, enhancing its lithium portfolio. The company also announced an amended offering under the LIFE exemption, allowing for broader investment opportunities.
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Beyond Minerals Inc. has made final payments to acquire a 100% interest in the Ear Falls Project, which includes 78,800 common shares and C$29,500 in cash. The acquisition is subject to a 2.0% net smelter return royalty, which can be reduced to 1.0% for $1,200,000.
The company will make a $1 million milestone payment for each mineral resource estimate exceeding 5,000,000 metric tonnes with a grade of 1.0% LiO or greater. Furthermore, the amended offering document allows units to be sold under the LIFE exemption across Canada, excluding Quebec.
The 2026 exploration plan will include systematic surveys and evaluations at both the Ear Falls and Owl Creek projects, targeting lithium and copper-molybdenum mineralization. The success of these explorations may significantly increase the company's resource base, positioning it favorably in the market.
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