Kinross Transactions
In February 2023, BTU entered into a series of transactions with Kinross Gold Corporation that will strengthen the exploration effort on the significant properties of BTU in the Great Bear gold area.
Transaction Highlights
BTU retains a 30% stake in Dixie Halo once Kinross fulfills its $4.7M exploration obligations
Strategic relationship with Kinross to establish next round of exploration at Dixie Halo
Kinross invested in BTU and now holds 17.5% of outstanding shares
Looking Forward
As of Dec 2023 BTU has $2,000,000M cash on hand is actively seeking new projects to supplement its' portfolio.