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Demesne Resources Completes First Payment to Buy Past-Producing Tungsten IMA Mine Project in Idaho
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Demesne Resources Completes First Payment to Buy Past-Producing Tungsten IMA Mine Project in Idaho
Nov 29, 2024 5:39 AM

08:20 AM EST, 11/29/2024 (MT Newswires) -- Demesne Resources ( DEMRF ) on Friday said it has completed the first payment to IMA-1 of US$100,000 to acquire a 100% interest in the IMA project, a past-producing underground tungsten mine in Idaho.

The company can acquire the property for US$5.8 million cash paid over eight years. The property is subject to a 2% royalty in favor of IMA-1.

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