Great Atlantic Resources (CVE:GR) nudged closer to a possible sale of its mineral claims in New Brunswick.
It has struck an exclusivity agreement with Fort St. James Nickel Corp (FTJ).
FTJ has the right, for 30 days, to conduct due diligence on certain claims, with a view to negotiating the terms of a letter of intent, and, if applicable, a definitive agreement for FTJ to complete the acquisition of the property.
The proposed acquisition is subject to, among other things, FTJ obtaining all necessary regulatory approvals, including the TSX Venture Exchange, it added.
Great Atlantic says it has a special focus on the most critical elements on the planet, antimony, tungsten and gold.