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Tuesday, January 25, 2022 1:32:45 PM
Once the bidder gets Cantung reopen and $Natuf get their share of proceeds expect $Natuf to fill docs and mannnnnn this low float gem gonna be booom time.
Who said that $Natuf still owned Cantung? I didn't
What happens next?
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.
Both mines up for Sale. Mactung n Cantung
In 2019, the N.W.T. government and the federal department in charge of the Cantung mine clean-up, tasked Vancouver-based firm Alvarez & Marsal with leading the joint sale of the Mactung and Cantung properties. (North American Tungsten Corp. )
"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.
https://www.cbc.ca/amp/1.6262590
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