Impact does another deal with a Canadian company

IMPACT Minerals has signed a joint venture agreement with BlueBird Battery Metals worth C$5.5 million.

Impact does another deal with a Canadian company Impact does another deal with a Canadian company Impact does another deal with a Canadian company Impact does another deal with a Canadian company Impact does another deal with a Canadian company

Impact drilling in NSW

The binding letter of intent allows TSX Venture Exchange-listed BlueBird to acquire 75% of Impact's Broken Hill project.

BlueBird will pay $150,000 cash, issue 5.25 million shares up front and another $500,000 worth within three years, and spend $2.25 million on exploration over three years.

The initial parcel of BlueBird shares have a current market value of $2.63 million, and the two companies have reached agreement to protect Impact's shareholding from any short-term downside and allows BlueBird the right to buy back two thirds of the shares issued.

The Broken Hill project covers 726sq.km near the Broken Hill zinc-lead mine.

Around A$6 million has been spent on the ground, which is considered prospective for nickel, cobalt, copper and platinum group...

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