War Eagle Mining Co. announced that it has signed a letter of intent with SaskPower International and Saskatchewan Power Corp. to sample fly ash from SaskPower Saskatchewan coal-generating plant sites and to test the fly ash for germanium content. The terms of the agreement allow War Eagle to extract up to 11 (1.1 st) of fly ash during a 12-month time period for the purpose of determining the presence and amount of germanium. If the extraction of germanium is successful from SaskPower's fly ash and is found to be commercially viable, then, subject to board and other approvals by all parties, the parties can proceed to develop a definitive purchase agreement in which War Eagle would purchase fly ash from SaskPower International.
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