Welcome to our dedicated page for Zimtu Cap news (Ticker: ZTMUF), a resource for investors and traders seeking the latest updates and insights on Zimtu Cap stock.
Zimtu Capital Corp. is a public investment issuer that aims to achieve long-term capital appreciation for its shareholders. The company may operate in mineral exploration, mining, technology, life sciences, or investment sectors. Zimtu recently completed a private placement offering and intends to use the proceeds for investments in oil & gas, mineral exploration, and property acquisitions. With a focus on investor transparency and effectiveness, Zimtu offers the ZimtuADVANTAGE program, providing marketing services, live video conferences, social media management, and more. The company has established partnerships with Sekur Private Data Ltd. for secure communications solutions and Sonoran Desert Copper Corp. for marketing services.
Zimtu Capital Corp. (TSXv: ZC; FSE: ZCT1) has closed the sale of two mining claim packages to Discovery Lithium Inc. The claims, known as Eagle Lake and Whitefish Lake, are located 350 km northwest of Thunder Bay, Ontario, covering 61,093 hectares. The transaction, which closed on September 17, 2024, includes:
1. 2,000,000 common shares of Discovery Lithium
2. A 1% net smelter returns royalty on future mineral production
3. A $432,778.50 cash payment due within 180 days
Discovery Lithium also assumes Zimtu's obligations regarding certain payments to other parties. The acquired shares are subject to a four-month hold period.
Zimtu Capital Corp. (TSXV:ZC)(FSE:ZCT1) has entered into a definitive agreement to sell two packages of mining claims, known as the Eagle Lake and Whitefish Lake claims, to Discovery Lithium Inc. The Claims, located 350 km northwest of Thunder Bay, Ontario, cover approximately 61,093 hectares. The transaction terms include:
1. A cash payment of $432,778.50 within 180 days of closing
2. 2,000,000 common shares of Discovery Lithium Inc. upon closing
3. A 1% net smelter returns royalty interest in future minerals produced
The deal is subject to approval from the TSX Venture Exchange and acceptance by the Canadian Securities Exchange. The issued shares will have a four-month hold period following the closing.
Zimtu Capital has signed a management and services agreement with Capacitor Metals Corp. Under the one-year contract, Zimtu will receive $150,000 from Capacitor Metals.
The agreement encompasses office space, accounting services, and management consulting. These services will aid Capacitor Metals in fundraising and its development as a private company.
The contract aims to bolster Capacitor Metals' operational and financial capabilities.
Zimtu Capital announced a new agreement with Apex Critical Metals on June 6, 2024. Zimtu will provide its ZimtuADVANTAGE program to Apex for one year in exchange for $150,000. The ZimtuADVANTAGE program offers a range of marketing services including research reports, content creation, investor lead generation, targeted awareness advertising, video news releases, social media management, and newsletters. This initiative aims to boost Apex's visibility and engagement with high-value investors by utilizing various digital platforms and media outlets.
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