North Bay Resources Inc. (NBRI) Agrees To JV On Tulameen Platinum Project
CarbonMeta Green Resources Canada will be a Limited Liability Company based in British Columbia, Canada, jointly owned and managed by CarbonMeta Technologies and North Bay Resources, with initial equity ownership of 51% and 49%, respectively.
- CarbonMeta Green Resources Canada will be a Limited Liability Company based in British Columbia, Canada, jointly owned and managed by CarbonMeta Technologies and North Bay Resources, with initial equity ownership of 51% and 49%, respectively.
- CarbonMeta has agreed to contribute the following:
Funding and corporate governance expertise to incorporate CarbonMeta Green Resources Canada in British Columbia, Canada. - For its part, North Bay has agreed to contribute:
Availability of over 100 million tonnes of olivine, a magnesium iron silicate that is also known as peridot and chrysolite, though its Tulameen Platinum Project. - The MOU includes an agreed-upon transfer price paid to North Bay from CarbonMeta Green Resources Canada for purchasing olivine, which will be updated quarterly.