NT Minerals (ASX:NTM) has taken a decisive step towards revitalising its market presence by entering into a binding term sheet to acquire 100% of Slipstream Paynes Find.
The move secures the Endeavour Project, a package of tenements located in the mineral-rich Murchison region of Western Australia.
The acquisition is a cornerstone of the company's broader strategy to meet the necessary conditions for the reinstatement of its securities to official quotation on the Australian Securities Exchange.
The transaction involves the purchase of Slipstream from a group of independent sellers, including Slipstream Resources, Scimitar Investments, and Anitra Rose Rechner.
Under the terms of the agreement, the initial consideration comprises $25,000 in cash and $300,000 worth of ordinary shares (150 million shares priced at $0.002 each) payable at settlement.
Looking ahead, the deal includes deferred and performance-based incentives designed to align with exploration success.
Subject to shareholder approval, NTM will issue a further $300,000 in anniversary shares in April 2027.
Additionally, the company plans to issue performance rights in three tranches, which are strictly tied to JORC (2012) inferred mineral resource milestones.