Vancouver, British Columbia–(Newsfile Corp. – May 8, 2025) – Inomin Mines Inc. (TSXV: MINE) (“Inomin” or the “Company“) is pleased to announce, further to its news releases dated November 4, 2024 and March 6, 2025, that it has entered into a earn-in and joint venture agreement dated April 25, 2025 (“Definitive Agreement”) with Sumitomo Metal Mining Canada Ltd. (“Sumitomo”), an arm’s length party, pursuant to which the Company granted to Sumitomo the right to earn up to an 80% interest in the Company’s Beaver-Lynx project in south-central British Columbia (the “Project” or “Beaver-Lynx”). Sumitomo was also granted with the option to acquire certain non-mineral rights, including hydrogen, by incurring minimum exploration expenditures and providing Inomin other consideration described below.
Key Terms
Pursuant to the Definitive Agreement:
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Sumitomo and Inomin agreed to form a joint venture with respect to the…
