Sulliden Mining Capital Closes Damara Project Assignment

TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Sulliden Mining Capital Inc. (“Sulliden” or the “Company”) (TSX: SMC) announces today that it has closed an assignment (the “Assignment”) of its rights and obligations set out in a share purchase and subscription agreement dated July 9, 2023, as amended (the “Agreement”), to Great Quest Fertilizer Limited (TSXV: GQ) (“Great Quest”). Under the Agreement, Sulliden had the right to acquire up to a 70% equity interest in a private Namibian company, which holds, either directly or through option agreements, 14 exclusive prospecting licenses representing 307,778 hectares of exploration licenses in Namibia (collectively, the “Damara Project”). For more information about the Assignment, Agreement, and Damara Project, please see the Company’s press releases dated December 22, 2023 and July 10, 2023, which are available under Sulliden’s SEDAR+ profile at www.sedarplus.ca.

Read more at globenewswire.com