The Metals Company reigniting race to mine the ocean floor
British Columbia firm looks to unleash a new era of resource extraction, raising questions over how to protect deep-sea ecosystems we know little about.
Drill highlights include the 2020 discovery hole, which hit 101 metres of 1.3 g/t gold; and 102 metres of 2.1 g/t gold in a 100-metre step-out to the northwest.
As part of this transaction, all of the Karus common shares would be distributed to KORE shareholders on a pro-rata basis to their ownership in the parent company.
The friendly deal hands Equinox Premier's interest in the Hardrock project in Ontario, as well as the Mercedes mine in Mexico and the Hasaga and Rahill-Bonanza properties in Red Lake, Ontario.
With first gold production expected later this month, the company will moving on to a full-scale ramp up of the mining and milling activities in the next quarter.