Sterling Metals Corp. (TSXV:SAG) agreed to acquire Copper-Silver Project located in Labrador, Canada from Chesterfield Resources plc (LSE:CHF) on June 18, 2024. A cash consideration of CAD 0.2 million will be paid by Sterling Metals Corp.

The consideration consists of 8.5 million common equity of Sterling Metals Corp. to be issued for assets of Copper-Silver Project located in Labrador, Canada. As part of consideration, CAD 0.2 million is paid towards assets of Copper-Silver Project located in Labrador, Canada.

The transaction is expected to close by June 30, 2024.