Common Contracts

Memorandum of Understanding

April 18th, 2023

• Filed
  April 18th, 2023

This memorandum of understanding ("MOU") sets-forth the understandings and intentions of each of Magnus Minerals OY., a Finnish Corporation ("Magnus") and FinMetal Mining Ltd, a Nevada corporation ("FinMetal"), with respect to an intended joint venture to explore the "Enonkoski Area" in Finland primarily for nickel-copper-platinum group elements. However, according to the intended agreement, FinMetal would have the right to explore for all metals within the Territory. The intended Joint Venture terms are described below (the "JV").