Strateco Buys Back 2% NSR Royalty on Matoush Property
Strateco Resources Inc. (RSC.TO) announce that it completed the buyback of the 2% NSR royalty on production from its Matoush property in Quebec.
Strateco paid Ditem Exploration Inc., the owner of the royalty, $1 million.
"In the current challenging financial context, this 2% buyback allows Strateco to consider non-equity modes of financing," the company said in a release.
Strateco owns 100% of the Matoush uranium property, located in the Otish Mountains of Quebec, considered one of the highest-grade uranium projects in the world.
RSC shares were trading half-a-cent higher at $0.185.
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