Trident Resources grants Apogee Minerals option to earn 100% of Knife Lake copper project

Trident Resources closed an option agreement granting Apogee Minerals the right to earn 100% of the Knife Lake Copper Project. Consideration totals CAD 400,000 in cash, 7,400,000 Apogee shares at closing, further shares valued at CAD 700,000. Apogee must also fund CAD 1 million of exploration over two years, with minimum CAD 500,000 by year one. Apogee can accelerate the earn-in, act as operator during the option period, or substitute some exploration spending with cash. Project remains subject to existing net smelter return royalties of 2.5% to Summit Royalties, 1.5% to a private individual.