Rover Announces Closing of the Definitive Agreement for the Assignment of the Up Town Gold Project
Rhea-AI Summary
Rover Metals Corp. (OTCQB: ROVMF) has finalized the assignment agreement for the Up Town Gold Project in the Northwest Territories, Canada. As part of the agreement, Rover will maintain a 25% interest, while Melius Capital Corp. can earn a 75% stake. Melius is pursuing a public listing on the Canadian Securities Exchange in Q3-2021. Upcoming summer exploration will include airborne geophysics and LiDAR mapping. Rover continues to strengthen its position in precious metals exploration across North America, supported by recent rebranding efforts.
Positive
- Rover retains a 25% interest in the Up Town Gold Project despite assigning 75% to Melius Capital Corp.
- Melius Capital Corp. is planning to go public, potentially increasing project visibility and funding.
Negative
- None.
News Market Reaction – ROVMF
In the trading session that priced this news, ROVMF declined 2.30%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, British Columbia, June 03, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (“Rover” or the “Company”) is pleased to announce that further to its release of December 7, 2020, the Company has closed the definitive assignment agreement for the Up Town Gold Project, NT, Canada.
The Up Town Gold Assignment Agreement
Rover has assigned the right to earn a
Melius Capital Corp.
Melius Capital Corp. is seeking a public listing of its shares on the Canadian Securities Exchange (the “CSE”) in Q3-2021, and expects to change its name to Artic Fox Minerals. Eligible shareholders can find more information about the public listing here.
Exploration at the Up Town Gold Project
Summer exploration is planned for the Up Town Gold Project, beginning with an airborne geophysics and mapping LiDAR program commencing next week.
About Rover Metals
Rover is a precious metals exploration company specialized in North American precious metal resources, that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company has recently re-branded, and has a new corporate logo, and has updated the look and feel of its website, and corporate documents.
You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-metals/
Facebook: https://www.facebook.com/RoverMetals/
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovermetals.com/
ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director
For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. There can be no assurance that such statements be prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.