An unknown private company signed an asset purchase and sale agreement to acquire Springer Tungsten Mine and Mill near Winnemucca, Nevada from Till Capital Corporation for $2 million.

An unknown private company signed an asset purchase and sale agreement to acquire Springer Tungsten Mine and Mill near Winnemucca, Nevada from Till Capital Corporation (TSXV:TIL) for $2 million on April 24, 2023. Till will receive $2 million in cash (less $25 on deposit) for the deed and ownership of Springer. Till will also be entitled to receive production royalty payments of up to $2.5 million in respect of future production from the mill at Springer.

Closing will occur following a 60 day due diligence period and the receipt of required regulatory and stock exchange approvals.