Core Viewpoint - Greenhawk Resources Inc. has terminated its Option and Joint Venture Agreement with 1531323 BC Ltd. due to the latter's failure to make a required cash payment of C$100,000 within the stipulated timeframe [1][2]. Group 1: Agreement Details - The Agreement was originally dated May 21, 2025, and involved Greenhawk's Greenland properties [1]. - 1531323 BC was obligated to make a cash payment of C$100,000 within 90 days, which was not fulfilled, leading to the cancellation of the Agreement by Greenhawk [2]. Group 2: Future Plans - The Company is currently evaluating strategic alternatives for its Greenland assets and plans to update its engineering report before the end of the year [2]. - Greenhawk owns a 100% legal and beneficial interest in two mineral exploration licenses and one prospecting license in Greenland, known as the Storø Gold Project [3].
Greenhawk Terminates Option Agreement on Greenland Properties
Globenewswire·2025-10-10 21:22