WR1 has the option to acquire Renard with scrip instead of cash.
Govt ought to know that sending a junior with a big invoice for cash could cripple their white knight, gaining a little and losing a lot.
Just doing a little research into SOQUEM's previous deals...
In 2020, Probe did a 50/50 cash/scrip deal;
In 2023, Gold Royalty Corp bought royalties for 100% scrip;
In 2010, Stornoway bought 50% of the Renard Mine from SOQUEM(!) for scrip and a royalty;
Probably enough examples, the last shows SOQUEM's associated interest in making Renard work.
Ann: Investor Presentation - Pathway to Production, page-22
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