Emperor Metals Secures Surface Rights to Lac Pelletier Property in Rouyn-Noranda

Emperor Metals Inc. has announced the signing of a binding purchase and sale agreement dated January 9, 2025, with a wholly owned subsidiary of Eldorado Gold Corporation. This agreement ensures Emperor Metals acquires the surface rights to the Lac Pelletier Property, located approximately 4 km southwest of Rouyn-Noranda, Quebec. The transaction is expected to close before April 15, 2025, pending standard conditions, including approval from the Canadian Securities Exchange.

Under the agreement, Emperor Metals will assume liabilities related to the rehabilitation and restoration plan for the property, including managing a cash bond and surety bond totaling $305,349. Additionally, the agreement releases Eldorado Gold’s financial guarantee from Quebec’s Ministry of Natural Resources and Forests.

The Lac Pelletier Property’s surface rights encompass five lots and include a mining lease with a permit for a 1,000 tonnes/day mining operation.

This acquisition follows Emperor Metals’ January 7 announcement of its deal to purchase the undersurface rights and interests of the Lac Pelletier Property from Maritime Resources Corp.

About Emperor Metals Inc.

Emperor Metals Inc. is a Canadian-based mineral exploration company focused on unlocking the potential of early-stage gold projects in the prolific Wawa-Abitibi Gold Belt of Ontario. The company’s projects, including Pine Grove, are strategically located near the Hemlo Gold Mine and represent high-potential exploration opportunities.

Tags: Quebec / Deals & Financial / Gold / All Articles