Ill just put this here again.... Calibre did a deal with Rio in...

Ill just put this here again....

Calibre did a deal with Rio in 2020. Kinda similar only ours is better but their projects more advanced. Stock 5 bagged shortly thereafter as the news started to flow out from the POWs post alliance. Not saying we do. But you'd have to think we pick up many new sets of investors eyes here now with BHP in collaboration. And fundamentally our deal is way better than that of Calibres. Most exploration alliance deals are small fish tiny chunks of change. We just bagged a whale. Google Calibre Rio Exploration Alliance to find the deal.

CALIBRE AND RIO TINTO EXPLORATION ENTER INTO AGREEMENTS: $45 MILLION EARN-IN AGREEMENT FOR 100%-OWNED BOROSI PROJECTS; AND STRATEGIC EXPLORATION ALLIANCE FOR NICARAGUA

Earn-in Agreement Highlights:First Option: Rio Tinto shall have a five-year option to acquire a 55% interest in the Borosi Projects by incurring $10,000,000 in qualifying expenditures, of which $3,000,000 is committed to be incurred within two years of obtaining the necessary permits and approvals. Second Option: If Rio Tinto exercises the First Option and earns a 55% interest in the Borosi Projects, it has the right to earn an additional 10% interest (for an aggregate interest of 65%) by incurring an additional $15,000,000 over a three-year period. Third Option: If Rio Tinto exercises the Second Option and earns a 65% interest in the Borosi Projects, it has the right to earn an additional 10% interest (for an aggregate interest of 75%) by incurring an additional $20,000,000 over a subsequent three-year period. Calibre has been designated as the initial operator of the field work being completed under the Earn-in Agreement and will receive a fee equal to 10% of expenditures. Alliance Agreement Highlights:Calibre and Rio Tinto entered a five-year generative exploration and concession acquisition alliance under which we will work together to identify prospective mineral properties. Rio Tinto has the right to instruct Calibre to acquire selected alliance properties and will fund the acquisition of those properties. Calibre will receive a fee for acting as the operator of the alliance equal to 10% of qualifying expenditures.Rio Tinto shall have the right to designate one or more blocks of the alliance properties (each such block not to exceed 40,000 hectares in the aggregate) and shall have the exclusive option to earn up to a 80% interest in each such block, on the following terms and conditions: First Option: Rio Tinto shall have a five-year option to acquire a 55% interest in the applicable block by incurring $5,000,000 in qualifying expenditures. Second Option: If Rio Tinto exercises the First Option and earns a 55% interest in the applicable block, it shall have the right to earn an additional 10% for an aggregate interest of 65%) by incurring an additional $5,000,000 over a five-year period. Third Option: If Rio Tinto exercises the Second Option and earns a 65% interest in the applicable block, it shall have the right to earn an additional 15% for an aggregate interest of 80%) by incurring an additional $15,000,000 over a five-year period.