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Resouro Strategic Metals Inc. Announces Completion of Fundamental Acquisition and Filing of Technical Report
(TheNewswire) Toronto, Ontario - TheNewswire – March 8 , 2024 - Reso...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. Announces Completion of Fundamental Acquisition and Filing of Technical Report \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, Ontario -\n \n \n TheNewswire\n \n \n – March\n \n \n 8\n \n \n , 2024 - Resouro Strategic Metals Inc.\n(\n \n \n TSXV:RSM\n \n \n ) (\n \n \n FSE:BU9\n \n \n ) (\"\n \n \n Resouro\n \n \n \" or the\n\"\n \n \n Company\n \n \n \") is pleased to announce that it has completed the\npreviously announced (see news releases of February 15, 2023, August\n2, 2023, October 19, 2023, December 21, 2023 and December 22, 2023)\nfundamental acquisition (the \"\n \n \n Tiros Acquisition\n \n \n \") of an interest in the Tiros Rare Earths and Titanium\nProject in Brazil (the \"\n \n \n Tiros Project\n \n \n \"). On March 7, 2024, the\nCompany received the approval from the TSX Venture Exchange (the\n\"\n \n \n Exchange\n \n \n \") of the documentation filed concerning the Tiros\nAcquisition.\n \n \n \n \n As previously announced, a proposed grant of 4,000,000\nnon-transferable options, pursuant to the Amended and Restated Option\nPlan of the Company, to purchase 4,000,000 common shares of the\nCompany (\"\n \n \n Common\nShares\n \n \n \") at an exercise price of $0.20 per\nCommon Share during a period of five years expiring on August 2, 2028,\nto Mr. Christopher Eager, the President and Chief Executive Officer of\nthe Company, has been approved by the Exchange and all necessary\nshareholder approvals including disinterested shareholders' approval\nhave been received.\n \n \n \n \n Resouro entered into a share purchase agreement dated\nJuly 24, 2023 among the Company and Resmin PTE Ltd. to purchase all of\nthe issued and outstanding shares of Tiros Stratemet Pte. Ltd.\n(formerly, Brazil Copper Pte Ltd. (Singapore)) and an option and\nfarm-in agreement among the Company, RBM Consultoria Mineral Ltda\n(\"\n \n \n RBM\n \n \n \"), Rodrigo De Brito Mello (\"\n \n \n Rodrigo\n \n \n \"),\nBrazil Copper PTE Ltd. (Singapore) (\"\n \n \n BCS\n \n \n \" or\n\"\n \n \n TSPS\n \n \n \") and Brazil Copper Mineração Ltda. (to be renamed\nTiros Minerais Estratégicos Mineraçao Ltda (\"\n \n \n TMEL\n \n \n \")) (the\n\"\n \n \n Tiros\nAgreement\n \n \n \") pursuant to which RBM and\nRodrigo will fully assign and tr...