The Alpine Gold property is located in the West Kootenay region.
The transaction is structured with $30m (A$45.95m) in cash and $5m in Forrestania fully paid ordinary shares, with completion subject to various conditions.
The move was revealed by the country’s Finance Minister Cassiel Ato Forson.
The tungsten and associated minerals block spans a total area of 308.30ha and is currently at the G3 level of exploration.
Neometals holds an 86.1% interest in RISAB, the sole owner of Novana.
