Gofer Mining agrees to acquire Saulyak and Began Mines
Gofer Mining enters into agreement
to acquire controlling stake in Isortoq exploration project
Gofer Mining plc is pleased to announce that it has entered into an agreement to purchase 51% of Irish registered VTi Limited at a valuation of £ 66.7 million.
VTi Limited owns 100% of Resource 500 FEVTI Limited, the owner of the Greenland Titanium Vanadium exploration project with license number 2017-27.
The company will be renamed Gofer Rare Metals and form the foundation of the Gofer Mining business of rare and unique metals.
The deposit has a CIM Inferred Class resource of 70.3 million metric tons estimated by multiple parties including Xstrata containing 29.6% Iron, 10.9% Titanium, 0.144% Vanadium as well as amounts of olivine.
Contact Jeff using his profile below for any investor queries and Jenny for any media requests reference the current press release.