Superior Lake settles project divestment

ASX-listed Superior Lake Resources has completed the divestment of its namesake zinc project, in Ontario, into TSX-V listed company Metallum Resources Inc, which was previously known as CROPS.

Superior Lake last year flagged plans to vend its interest in the project to Metallum after failing to secure project financing, a declining zinc price, and travel restrictions imposed by the Covid-19 pandemic, which made it difficult for the Australia-based project team to make it to site.