Happy Creek Minerals Sells 100% Interest in Highland Valley Project to Metal Energy Corp

Proactive - Interviews for investors

Happy Creek Minerals CEO Jason Bahnsen joined Steve Darling from Proactive to announce that the company has entered into a Purchase Agreement with Metal Energy Corp. for the sale of a 100% interest in the Highland Valley Project, a significant copper exploration project located in Southern British Columbia. The project spans 63 mineral claims over an area of approximately 237 square kilometers, located near Teck Resources Limited’s Highland Valley Copper Mine, the largest operating copper mine in Canada. Bahnsen explained that the company will receive total cash and equity consideration of $6.4 million, alongside up to a 2.5% Net Smelter Return (NSR) royalty on the project’s mineral claims. Metal Energy is also committed to spending at least $250,000 on exploration at the property by year-end. As part of the agreement, Happy Creek will become a significant shareholder of Metal Energy and will have the right to nominate a director to Metal Energy’s board. The Highland Valley Project, which has already led to two discoveries and identified over 25 prospects under Happy Creek’s exploration, will now be a core asset for Metal Energy as it transitions into a copper-focused exploration and development company. #proactiveinvestors #happycreekmineralsltd #tsxv #hpy #mining #highlandvalleyproject #JasonBahnsen #MiningNews #FoxProject #TungstenExploration #HighlandValleyProject #MetalEnergy #MiningInvestment #ProactiveInvestors #ExplorationStrategy#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews