{"id":9489,"date":"2024-09-12T23:49:26","date_gmt":"2024-09-12T23:49:26","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/12\/ramp-metals-announces-sale-of-railroad-valley-project-to-canter-resources-and-provides-exploration-update\/"},"modified":"2024-09-12T23:49:26","modified_gmt":"2024-09-12T23:49:26","slug":"ramp-metals-announces-sale-of-railroad-valley-project-to-canter-resources-and-provides-exploration-update","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/09\/12\/ramp-metals-announces-sale-of-railroad-valley-project-to-canter-resources-and-provides-exploration-update\/","title":{"rendered":"Ramp Metals Announces Sale of Railroad Valley Project to Canter Resources and Provides Exploration Update"},"content":{"rendered":"
\n

Ramp Metals Inc. (TSXV: RAMP) (\u2018Ramp Metals\u2019 or the \u2018Company\u2019) is pleased to announce the proposed sale of the Company\u2019s Railroad Valley Project located in Nye County, Nevada, to Canter Resources Corp. (CSE: CRC) (\u2018Canter\u2019).<\/p>\n

On September 11, 2024, Ramp Metals USA Inc, a wholly owned subsidiary of Ramp Metals (\u2018Ramp USA\u2019), entered into a claims acquisition agreement with Canter and an indirect wholly owned subsidiary of Canter pursuant to which Ramp USA agreed to sell its 100% interest in 50 unpatented association placer claims to Canter\u2019s subsidiary in exchange for (i) 300,000 common shares of Canter at a deemed price of $0.13 share and (ii) the reimbursement of certain claim maintenance fees recently paid by Ramp USA.<\/p>\n

The Canter entities are responsible for paying any fees associated with the transfer of the claims and Ramp USA will retain a 0.5% net smelter returns royalty on the claims. Canter\u2019s subsidiary has the ability to repurchase the royalty for a one-time payment of $500,000 to Ramp USA.<\/p>\n

The transaction remains subject to regulatory approval with a targeted closing date of September 19, 2024.<\/p>\n

Field Exploration Update<\/p>\n

The Company is currently planning a 14-day mapping and sampling program that will focus on the Ranger target where 73.55 g\/t Au over 7.5m was discovered at its Rottenstone SW Project. Ramp Metals has contracted Axiom Exploration Group, located in Saskatoon, to assist with the field exploration. Three teams will be in the field mapping the area around the Ranger discovery hole and along regional strike. The goal of the mapping and sampling program is to gather information on the surface geology to better understand the mineralization and refine priority targets for the upcoming drill program. <\/p>\n

Qualified Person<\/p>\n

Brett Williams, P.Geo., VP Operations and Senior Geologist for Ramp Metals, and a \u2018qualified person\u2019 under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content in this news release.<\/p>\n

About Ramp Metals Inc.<\/p>\n

Ramp Metals is a grassroots exploration company with a focus on a potential new Saskatchewan gold district. The Company currently has new high-grade gold discovery of 73.55 g\/t Au over 7.5m at its flagship Rottenstone SW property. The Rottenstone SW property comprises of 32,715 hectares and is situated in the Rottenstone Domain.<\/p>\n

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/p>\n

FORWARD-LOOKING STATEMENTS<\/p>\n

This news release contains \u2018forward-looking statements\u2019 within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as \u2018plans\u2019, \u2018expects\u2019 or \u2018does not expect\u2019, \u2018is expected\u2019, \u2018budget\u2019, \u2018scheduled\u2019, \u2018estimates\u2019, \u2018forecasts\u2019, \u2018intends\u2019, \u2018anticipates\u2019 or \u2018does not anticipate\u2019, or \u2018believes\u2019, or variations of such words and phrases or may contain statements that certain actions, events or results \u2018may\u2019, \u2018could\u2019, \u2018would\u2019, \u2018might\u2019 or \u2018will be taken\u2019, \u2018will continue\u2019, \u2018will occur\u2019 or \u2018will be achieved\u2019. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company\u2019s exploration activities. <\/p>\n

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: requirements for additional capital; future prices of minerals; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; other risks of the mining industry; the inability to obtain any necessary governmental and regulatory approvals; changes in laws, regulations and policies affecting mining operations; hedging practices; and currency fluctuations.<\/p>\n

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.<\/p>\n

\n

For further information, please contact: <\/p>\n

Ramp Metals Inc.<\/p>\n

Jordan Black
Chief Executive Officer
jordaneblack@rampmetals.com<\/p>\n

Prit Singh
Director
905 510 7636<\/p>\n<\/div>\n

To view the source version of this press release, please visit https:\/\/www.newsfilecorp.com\/release\/223150<\/p>\n<\/div>\n

News Provided by Newsfile via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Ramp Metals Inc. (TSXV: RAMP) (\u2018Ramp Metals\u2019 or the \u2018Company\u2019) is pleased to announce the proposed sale of the Company\u2019s Railroad Valley Project located in Nye County, Nevada, to Canter Resources Corp. (CSE: CRC) (\u2018Canter\u2019). On September 11, 2024, Ramp Metals USA Inc, a wholly owned subsidiary of Ramp Metals (\u2018Ramp USA\u2019), entered into a […]<\/p>\n","protected":false},"author":0,"featured_media":9490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/9489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=9489"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/9489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/9490"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=9489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=9489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=9489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}