Hannan Metals Ltd. (“Hannan”) (TSXV:HAN) has completed a joint venture agreement for a significant option and joint venture agreement with Japan Oil, Gas and Metals National Corp. (“JOGMEC”). Under the agreement, JOGMEC has the option to earn up to a 75-per-cent interest in the San Martin project by spending up to $35-million (U.S.) to deliver to the joint venture a feasibility study. The San Martin project covers 656 square kilometres of Hannan’s 940-square-kilometre Peruvian holdings.
Hannan Metals is a natural resource and exploration company, developing sustainable resources of metal needed to meet the transition to a low carbon economy. Over the last decade, the team behind Hannan has forged a long and successful record of discovering, financing and advancing mineral projects in Europe and Peru. For further information, see www.hannanmetals.com.