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African Energy Metals agrees to potentially acquire Peru's Niñobamba gold and silver project from Rio Silver Inc.
African Energy Metals has entered into an agreement with Rio Silver Inc. to potentially acquire a 100% stake in Rio Silver's Niñobamba gold and silver project in Peru.
African Energy Metals will pay CAD$260,000 initially and up to US$2 million more over time, with US$500,000 designated for advance royalty payments.
The deal is subject to exchange approvals and includes Rio Silver providing operational support for a year.
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African Energy Metals acepta adquirir potencialmente el proyecto de oro y plata de Perú Niñobamba de Rio Silver Inc.