Nortec Minerals Corp. (TSXV:NVT) announced it will earn an undivided 80% interest in the Karhujupukka iron-titanium-vanadium-nickel-palladium-platinum-gold property.
As quoted in the press release:
The MOU gives Nortec the exclusive right to:
- verify and evaluate the data and information made available by Akkerman;
- evaluate any other relevant data and information concerning previous exploration conducted by third parties on the claim areas; and
- collect additional data in the field through initial reconnaissance and exploration work on the claims.
Nortec will pay AEbv 250,000 common shares of the Company upon signing of the MOU and receiving TSX Venture Exchange approval. Nortec will enter into an option agreement when AEbv has been granted 100% interest in the Karhujupukka Property by the Finnish authorities.