Hexagon Energy Materials Ltd. announced that a Binding Terms Sheet Earn-In Agreement has been signed with Green Critical Minerals Pty Ltd. (Green Critical Minerals), that will bring cash and exploration funding to the McIntosh Project's Graphite resources and leverage off past investment from Hexagon. A total of $500,000 cash ($300,000 on listing of the farm-in entity + $200,000 on the first anniversary of listing) is to be paid to Hexagon and $3,000,000 of exploration expenditure over four (4) years is to be invested by Green Critical Minerals to secure 80% of the Graphite mineral rights at the McIntosh Project.
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- Hexagon Energy Materials Limited Announces Binding Terms Sheet Earn-In Agreement Signs with Green Critical Minerals Pty Ltd