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Group Ten Announces Completion of Earn-In Agreement Resulting in 100% Ownership of the Stillwater West PGE-Ni-Cu-Co Project in Montana, USA
VANCOUVER, BC / ACCESSWIRE / June 22, 2020 / Group Ten Metals Inc. (TSX.V:PGE)(OTCQB:PG...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Group Ten Announces Completion of Earn-In Agreement Resulting in 100% Ownership of the Stillwater West PGE-Ni-Cu-Co Project in Montana, USAVANCOUVER, BC / ACCESSWIRE / June 22, 2020 / Group Ten Metals Inc. (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the \"Company\" or \"Group Ten\") announces that it has satisfied all earn-in requirements set out in the agreement announced June 27, 2017 (the \"Stillwater Agreement\") and now has 100% ownership of the Stillwater West property, subject to a 2% NSR royalty interest which includes a 1% buy-down provision. The Stillwater Agreement was amended prior to completion to include an updated area of interest clause to incorporate an expanded claim block, which has more than doubled since the acquisition date.Group Ten President and CEO, Michael Rowley, stated, \"We are very pleased to have completed the earn-in requirements at Stillwater West, securing an exceptional land package and strengthening our position beside Sibanye-Stillwater, the world's largest platinum producer, in the productive and metal-rich Stillwater Igneous Complex. Our systematic approach to consolidating the district and compiling all available data resulted in the confirmation of Platreef-style nickel-copper sulphide mineralization, enriched in palladium, platinum, rhodium, cobalt, and gold, in our 2019 drill campaign, which returned some of the best mineralized intervals to date in the district on a grade-thickness basis. We are now advancing drill-defined mineralization towards delineation of formal resources in four of the five most advanced target areas as we continue to demonstrate the potential for much larger mineralized systems than have been recognized previously in the district. We look forward to providing further updates on that work, in addition to announcing our 2020 exploration plans, in the near future.\"With respect to Group Ten's other projects, the Company is currently soliciting and reviewing expressions of interest on its non-core assets (all of which are 100%-owned) as part of its focus on Stillwater West.Summaries of all assets presently in Group Ten are provided below:Stillwater West, Montana, USAApplying Bushveld deposit models to North America's premier PGE district 100% owned, subject to a 2% NSR royalty interest, which includes a buy-down provision to 1%;At 54 square kilometers, Stillwater West estab...