Novo Cruzeiro comprises 15 contiguous granted exploration permits covering 24,387.28 hectares across the Itaipé, Ladainha and Novo Cruzeiro municipalities in northeastern Minas Gerais. Atlantico satisfied the option payments and C$150,000 exploration-expenditure requirement by February 24, 2026; the vendor retains a 1.0% NSR, half of which is repurchasable for C$1 million, while legal title remains held in trust pending transfer.
- Country
- Brazil
- Commodity
- Li
- Stage
- Exploration