Madison Metals Provides Kenora Project Update and Issues Stock Options
TORONTO, May 09, 2024 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTCQB:MMTLF) (FSE: 4EF0) announces an amendment to its agreement with Great Northern Energy Inc. on Madison’s Kenora Uranium Project. Under the revised terms, Madison Metals has agreed to extend the first-year expenditure commitments into the second year of the agreement. This extension requires Great Northern Energy to invest CDN $600,000 in exploration activities by May 3, 2025, and an additional CDN $300,000 by May 3, 2026. Successfully meeting these commitments will enable Great Northern Energy to earn a 60% interest in the project.
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