New World Resources Limited (ASX:NWC) entered into binding agreement to acquire 100% interest in Additional Mineral Rights at Antler Copper Project, Arizona for $0.85 million on November 8, 2023. Pursuant to an agreement with (a) Santa Fe Pacific Railway Company, which owns the mineral rights; and (b) a subsidiary of Newmont Corporation, which holds a lease over the mineral rights, New World has agreed to purchase a 100% interest in the mineral rights that cover a total of approximately 1,000 acres (Private Blocks A and B; see above and Figure 1). Consideration payable is: (i) $0.85 million in cash; and (ii) Assignment of a 3.0% Net Smelter Return (?NSR?) royalty on any and all production.

Closing is scheduled for late November 2023. Colin Aaronson and Samantha Harrison of Grant Thornton acted as financial advisor to Trident.