Chibougamau Independent Mont Sorcier Royalty News

ROUYN-NORANDA, Québec, July 06, 2023 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US), herein called Chibougamau, is pleased to inform shareholders that Cerrado Gold Inc. (CERT-TSXV) has announced acceptance of an Expression of Interest (EOI) from the UK Export Credit Agency (UKEF) to provide up to four hundred and twenty million dollars ($420,000,000) of support for the Mont Sorcier Iron Vanadium project located just east of Chibougamau Quebec. Chibougamau Independent Mines holds a 2% Gross Metal Royalty on all production from the property.

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