North American Tungsten Corporation Ltd (NATUF)

[StockRoomBully]

Newsss $Natuf technically owned Cantung

"Although the Canadian government has assumed responsibility for Cantung, the property is still technically owned by North American Tungsten, which is currently being run by Alvarez & Marsal, a court-appointed monitor."

Once the nasdaq NYSE bidder wins this gonna take off and uplist. Imo

"It's a confidential process," Ketchum said, when asked for details on the identities and number of bidders. Releasing company names at this stage, he said, could affect how they are valued and traded on the stock market. "There's a lot of sensitivity around the process."

Still got my shares :) Natuf still owned Cantung. Thats right Makingezmoney

But Ketchum said buyers do have the option to restart the Cantung mine.

"It's not simply just a remediation project in our minds. We think there is some value still remaining," he said, adding there is also the potential to reprocess Cantung's tailings to recover tungsten.

The deadline for the request for proposals is not expected to close until early 2022, a spokesperson with Canada's Crown-Indigenous Relations and Northern Affairs, Matthew Gutsch, told CBC News by email.

Once the bids are received, a committee comprising representatives from the federal and territorial governments and the monitor will pick a preferred bidder, he explained.

When (or if) a sale goes through, the Canadian and territorial governments have an agreement about how the proceeds will be split.

But details of that agreement — like so much of this process — are confidential, said Ketchum.

"The sale process is designed to maximize the cash value of the Mactung property and to offset to the greatest extent possible the environmental liabilities that exist at the Cantung mine site," Gutsch confirmed.

News in November 2021
https://www.cbc.ca/amp/1.6262590