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Exciting News from Ridgeline

An Earn-In Agreement with South32

Hey there, mineral enthusiasts! We have some exciting news to share with you today. Ridgeline Minerals Corp. is thrilled to announce that the TSX Venture Exchange has accepted our Earn-In Agreement with South32 Limited for the Selena carbonate replacement deposit project in Nevada. This agreement, signed on August 21, 2024, gives South32 the option to earn a 60% ownership interest in the Project by funding exploration expenditures over five years.

Now, let’s break it down for you. South32 will pay Ridgeline a US$100,000 execution payment and commit to funding a minimum of US$10.0 million (with US$2.0 million guaranteed) in exploration expenditures on the Project. This partnership marks an exciting milestone for Ridgeline as we work towards unlocking the full potential of the Selena project.

With South32 on board, we are poised to accelerate our exploration efforts and bring new opportunities to the mineral industry. Stay tuned for updates on our progress at Selena and beyond!

How Does This Affect Me?

As a mineral enthusiast, this partnership between Ridgeline and South32 could mean exciting new developments in the world of mineral exploration. With increased funding and expertise from South32, Ridgeline is well-positioned to make significant discoveries at the Selena project. Keep an eye on this collaboration for potential investment opportunities or simply to stay informed about the latest advancements in the industry.

How Does This Affect the World?

The Earn-In Agreement between Ridgeline Minerals Corp. and South32 has the potential to have a ripple effect on the mineral industry as a whole. By pooling resources and expertise, these two companies can drive innovation, discover new mineral deposits, and contribute to the global supply chain. This partnership sets a precedent for collaboration and exploration that could pave the way for future advancements in mineral extraction and sustainability.

In Conclusion

Exciting times are ahead for Ridgeline Minerals Corp. and South32 as we embark on this journey together. The Earn-In Agreement at the Selena project represents a significant step towards unlocking the full potential of mineral exploration. Stay tuned for updates and join us in celebrating this milestone in the industry!