Kintavar Sells Fer à Cheval Outfitters for $3M

Exploration Kintavar Inc., a Canadian mining exploration company, announced its agreement to sell 100% of the shares in its subsidiary, 9194-3126 Quebec Inc., trading as Pourvoirie Fer à Cheval, to a private Quebec-based company. This move is part of Kintavar’s strategic alignment with its hybrid business model focusing on exploration and exploration services, providing it with additional liquidity for future activities. The transaction, valued at $3 million, is set to close by January 1, 2025, contingent on TSX Venture Exchange approval. The purchaser has been a customer of Fer à Cheval for over a decade and plans to maintain operations as before, aligning with Kintavar’s interests in regional development and natural exploration. Kintavar retains its rights to continue exploration in the Mitchi region, which remains rich in mining potential. The strategic divestment of Fer à Cheval supports Kintavar's long-term goals in copper and gold mining, particularly within its flagship Mitchi and Wabash projects.