If I was management I'd retain all sale proceeds to provide a decent war chest to support lithium exploration on their Quebec tenement. WR1 are currently burning through more than $3M per month drilling. PMT probably a lot more with more drilling rigs. You wouldn't want to be kicking off there with only about $10M or you'd need a CR in a couple of months. The whole idea of this proposed sale is to revert back into lithium, though whether that's a good idea at present is another question. Lithium is at rock bottom and gold is up high.
MTC Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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