ASX-listed Superior Lake Resources on Thursday unveiled plans to vend its interest in its namesake zinc project, in Ontario, into a TSX-V listed company called CROPS Inc.
The company told shareholders that since completing a bankable feasibility study (BFS) in 2019, Superior Lake had received several non-binding indicative debt proposals of up to $70-million for project finance, as well as expressions of interest from major global metal traders and smelters.