Canada Carbon Extends Surface Access Rights at Miller Property
Toronto, Ontario, Canada, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is is pleased to announce that it has entered into an Amended Surface Access Agreement (the “Surface Access Agreement”) with 9007-2224 Quebec Inc. (the “Landholder”) in respect to its Miller Property located in Grenville Township in Quebec (the “Miller Property”).
- Toronto, Ontario, Canada, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is is pleased to announce that it has entered into an Amended Surface Access Agreement (the “Surface Access Agreement”) with 9007-2224 Quebec Inc. (the “Landholder”) in respect to its Miller Property located in Grenville Township in Quebec (the “Miller Property”).
- The Surface Access Agreement, which supersedes the Amended Surface Access Agreement dated August 17, 2018, provides the Company with surface access for another five years commencing on August 17, 2023 (the “Term”) and allows the Company to carry out a regular graphite prospecting and exploration program including, but not limited to, conducting topographic, geological, geochemical and geophysical surveys, conducting underground or surface excavations, explorations and drillings, digging and trenching, and obtaining and testing geochemical or metallurgic samples.
- The Surface Access Agreement grants the Company an exclusive and irrevocable option to acquire or lease all or part of the Miller Property from the Landholder reasonably necessary for the extraction of mineral substances (the “Option”).
- If the Company exercises the Option, either by acquiring or leasing all or part of the Miller Property prior to the expiry of the Term, the Term will be extended through the period of Commercial Production.