Tungsten Mining News in Ontario

Transition Metals Corp.
Transition Metals Corp.
XTM
Ontario, Canada

Transition Metals and 1930153 ON Ltd Sell the Fostung Tungsten Property for US$5,000,000 Cash

Transition Metals Corp. and 1930153 ON Ltd. have sold their 50% interests in the Fostung Tungsten Property to UAMY Cobalt Corporation for US$5,000,000 in cash and a 0.5% NSR royalty. The transaction provides Transition with US$2.5 million in non-dilutive proceeds to advance its core projects.

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