Teako Minerals provided an update on its exploration and business strategy in Norway, where the company recently staked a substantial land package (5458 Km2), making it the country’s largest landholder. According to the latest release, three projects (Vaddas, Lomunda, Venna), totaling 1640km2 will constitute the company’s main projects whereas the remaining landholdings (3818km2) are included in a “project hub”. The company plans to evaluate the prospects within the project hub through additional desktop and field work before deciding on whether to relinquish or advance the projects through its in-house geological team or together with strategic partners.
Teako’s licenses in the “Far North” district (Source: www.teakominerals.com)
