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Rover Metals to buy gold projects in Western U.S., withdraws from Toquima

Christian Fernsby |
Rover Metals announces that the company has made the decision to cancel its non-binding letter of intent to acquire 100% of the Toquima silver project in central Nevada, USA.

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Topics: ROVER METALS    U.S.   

Rover Metals has entered into a new non-binding letter of intent with the same vendor of the Toquima Property to acquire one or more gold-dominant exploration projects, subject to due diligence.

The Company is currently reviewing several gold projects in Utah, Arizona, and Nevada advanced by the Vendor.

Conditional upon positive due diligence, it is the Company's intention to complete a transaction to acquire 100% interest in one or more of these U.S.-based gold projects.

Certain cash payments advanced under the Original LOI will be paid back to Rover Metals under the New LOI.

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