RT Minerals Corp. (CNSX: RTM) is a junior natural resource company engaged in the business of exploring for and developing mineral properties, and is focused on the exploration of its Timmins Gold Property in Ontario.
On December 30, 2009, RT Minerals Corp. (the "Company") announced a private placement and strategic alliance agreement with Lake Shore Gold Corp. (TSX: LSG), whereby Lake Shore Gold may acquire up to 41.5% of the Company and Lake Shore Gold may acquire 50% of the RT Minerals gold property in Timmins, Ontario by spending five (5) million dollars within the next 6 years. (see December 30, 2009 News Release for more information)
RT Minerals Corp. trades on the Canadian National Stock Exchange ("CNSX") under the symbol "RTM"
RT Minerals' Timmins Gold property ("Golden Property") adjoins Lake Shore Gold Corp. land packages, on strike to the southwest on the Destor-Porpupine fault system near Timmins, Ontario.
Click here for more information on the Timmins project.
The Godbout Uranium Property (the Property) is located on the North Shore of Quebec at approximately 60 km east of Baie-Comeau and 170 km west of Sept-Iles, the two most important cities and industrial centres in the area. Provincial highway 138 and unpaved roads give full access to the east and west sides of the Property. Sixty-two claims of nearly 56 hectares make up the Property. RT Minerals Corporation owns 100% of the Property.
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. We seek safe harbour.