07:50 AM EDT, 10/09/2024 (MT Newswires) -- Stallion Uranium ( STLNF ) on Wednesday said it has entered into a binding letter of intent to grant an 80% interest in its Horse Heaven Gold and Antimony project to an arm's-length party for staged payments of $600,000 cash and $1.1 million worth of optionor shares.

The optionor must also complete $5 million worth of exploration expenditures over four years. The project consists of 699 mineral claims spanning 5,817 hectares in Idaho.

Stallion Uranium ( STLNF ) closed unchanged at $0.06 on the TSX Venture Exchange.