Net smelter return

DGAP-News: Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Option Agreement, 3.0% NSR on Olympic Gold Project, Nevada

Friday, May 22, 2020 - 12:03pm

Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Option Agreement, 3.0% NSR on Olympic Gold Project, Nevada

Key Points: 
  • Ely Gold Royalties (TSX-V: ELY, OTCQX: ELYGF) Announces Option Agreement, 3.0% NSR on Olympic Gold Project, Nevada
    The issuer is solely responsible for the content of this announcement.
  • At the conclusion of the Option Agreement, Ely Gold retains a three (3.0%) Net Smelter Returns Royalty on any future production at the Olympic Gold Project.
  • About Ely Gold Royalties Inc.
    Ely Gold Royalties Inc. is a Nevada focused junior gold royalty company.
  • Management believes that due to the Company's ability to locate and purchase third-party royalties, its successful strategy of organically creating royalties and its gold focus, Ely Gold offers shareholders a low-risk leverage to gold prices and low-cost access to long-term gold royalties.

Vista Gold Corp. Receives $2.4 Million Awak Mas Option Payment

Tuesday, May 5, 2020 - 11:11pm

DENVER, May 05, 2020 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (Vista or the Company) today announced receipt of $2.4 million fromPT Masmindo Dwi Area (PT Masmindo) to exercise its option to cancel 50% of the Awak Mas net smelter return (NSR) royalty.

Key Points: 
  • DENVER, May 05, 2020 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX: VGZ) (Vista or the Company) today announced receipt of $2.4 million fromPT Masmindo Dwi Area (PT Masmindo) to exercise its option to cancel 50% of the Awak Mas net smelter return (NSR) royalty.
  • Vista holds an NSR royalty on the Awak Mas project in Indonesia.
  • If PT Masmindo does not make the $2.5 million payment by April 30, 2021, Vista will retain the remaining royalty interest and can pursue alternative monetization strategies.
  • The $2.4 million strengthens our balance sheet as we advance our activities to seek a strategic partner for the construction and development of our Mt Todd Gold Project.

Monarch Gold Increases the Size of McKenzie Break by Acquiring 124 New Mineral Claims

Thursday, February 27, 2020 - 12:45pm

1Source: GM 65236 RAPPORT DE LA CAMPAGNE DE FORAGE 2009-2010, PROJET MCKENZIE BREAK, 2010, GAUTHIER, E. 239 pages.

Key Points: 
  • 1Source: GM 65236 RAPPORT DE LA CAMPAGNE DE FORAGE 2009-2010, PROJET MCKENZIE BREAK, 2010, GAUTHIER, E. 239 pages.
  • 3 GM 64138 FORAGES 2007-2008, PROPRIT MCKENZIE BREAK, 2009, LAROUCHE, C, GAUTHIER, E. 299 pages.
  • Monarch has also undertaken to pay a 2% net smelter return royalty to the Vendors in the event of commercial production from any or all of the mineral claims of the Property.
  • Monarch can redeem half the royalty (1%) at any time, without prior notice, by paying a lump sum of $1million.

Osisko Metals Announces Corporate Changes and Execution of Royalty Sale on Pine Point

Tuesday, January 28, 2020 - 11:00am

The Company also announces that it has completed the sale of a 1.5% net smelter return royalty (the NSR) on the Companys 100%-owned Pine Point Project to Osisko Gold Royalties Ltd (Osisko Gold Royalties), as previously announced in the Companys December 3, 2019 news release disclosing the signing of a binding term sheet between Osisko Metals and Osisko Gold Royalties (the Agreement).

Key Points: 
  • The Company also announces that it has completed the sale of a 1.5% net smelter return royalty (the NSR) on the Companys 100%-owned Pine Point Project to Osisko Gold Royalties Ltd (Osisko Gold Royalties), as previously announced in the Companys December 3, 2019 news release disclosing the signing of a binding term sheet between Osisko Metals and Osisko Gold Royalties (the Agreement).
  • The Companys obligations in relation to the NSR are secured by a continuing senior secured interest on the Pine Point Project.
  • Osisko Metals Incorporated is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets.
  • Mr. Robin Adair, P.Geo and Vice President Exploration of Osisko Metals, is the Qualified Person who has approved of the scientific and technical information contained in this news release.

TSX Venture Exchange Stock Maintenance Bulletins

Monday, January 20, 2020 - 9:43pm

Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document.

Key Points: 
  • Neither TMX Group Limited nor any of its affiliated companies guarantee the accuracy or completeness of the information contained in this document.
  • TSX Venture Exchange has accepted for filing documentation pertaining to a Royalty Purchase Agreement (the "Agreement") dated January 15, 2020, between Palladium One Mining Inc. (the "Company") and Nortec Minerals Corp. a TSX Venture listed company (the "Vendor"), whereby the Company has agreed to buy back the 2% net smelter return royalty ("NSR") granted to the Vendor on certain mineral exploration claims (the "Haukiaho Deposit"), located on the Lantinen Koillismaa PGE-Nickel-Copper project in Finland.
  • In consideration for the NSR the Company will make a $50,000 cash payment and issue 375,000 common shares to the Vendor.
  • TSX Venture Exchange has accepted for filing the Company's proposal to issue 193,846 commonshares at a deemed price of CDN$0.065 per share to settle outstanding debt for CDN$12,600.

Osisko Announces Increase to Its Royalties on Osisko Mining’s Windfall Project

Monday, January 20, 2020 - 1:00pm

MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (Osisko or the Company) (TSX & NYSE:OR) is pleased to announce that it has increased its net smelter return (NSR) royalty on the world-class Windfall gold project (Windfall Project), currently being developed by Osisko Mining Inc. (Osisko Mining).

Key Points: 
  • MONTREAL, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (Osisko or the Company) (TSX & NYSE:OR) is pleased to announce that it has increased its net smelter return (NSR) royalty on the world-class Windfall gold project (Windfall Project), currently being developed by Osisko Mining Inc. (Osisko Mining).
  • Pursuant to its investment agreement with Osisko Mining dated August 25, 2015, the Company has exercised its right to repurchase six (6) existing royalties on the Windfall Project.
  • The royalties were purchased for total consideration of C$3,000,000 cash, and have increased the Companys effective NSR royalty on the claims covering the Windfall Project to 2.0 3.0%, up from 1.0% 1.5%.
  • Osisko Gold Royalties Ltd is an intermediate precious metal royalty company that holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes.

Agnico Eagle Purchases Chipriona Royalty From Sonoro

Thursday, January 2, 2020 - 2:00pm

VANCOUVER, British Columbia, Jan. 02, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (Sonoro or the Company), announces receipt of proceeds of $875,000 by Sonoros subsidiary, Minera Mar de Plata, S.A. de C.V., from the sale to Agnico Sonoro, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited (Agnico), of the 1% Net Smelter Returns royalty (the Royalty) on the Chipriona property located in the Mulatos Mining District in Sonora, Mexico.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 02, 2020 (GLOBE NEWSWIRE) -- Sonoro Metals Corp., (TSXV: SMO | OTCQB: SMOFF | FRA: 23SP), (Sonoro or the Company), announces receipt of proceeds of $875,000 by Sonoros subsidiary, Minera Mar de Plata, S.A. de C.V., from the sale to Agnico Sonoro, S.A. de C.V., a subsidiary of Agnico Eagle Mines Limited (Agnico), of the 1% Net Smelter Returns royalty (the Royalty) on the Chipriona property located in the Mulatos Mining District in Sonora, Mexico.
  • The Royalty originated from the sale of the Chipriona property to Agnico in December 2016 for $4,000,000 plus the Royalty.
  • Concurrent with the sale of the Chipriona property, Agnico was granted an option to purchase the Royalty at any time for $1.5 million.
  • We are pleased to sell the Chipriona Royalty to Agnico, said Kenneth MacLeod, President and CEO of Sonoro.

Osisko Metals Announces Closing of Purchase of 3% NSR on Pine Point Project

Wednesday, December 18, 2019 - 11:00am

MONTREAL, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Corporation" or "Osisko Metals") ( TSX-V: OM ; OTCQX: OMZNF , FRANKFURT: 0B51 ) is pleased to announce that it has completed the acquisition of 100% interest in Karst Investments LLC ("Karst"), whose only asset prior to the completion of the acquisition by Osisko Metals was a 3% net smelter return royalty (the Pine Point NSR) on the mineral claims and leases comprising the Pine Point zinc-lead project (the Pine Point Project).

Key Points: 
  • MONTREAL, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the "Corporation" or "Osisko Metals") ( TSX-V: OM ; OTCQX: OMZNF , FRANKFURT: 0B51 ) is pleased to announce that it has completed the acquisition of 100% interest in Karst Investments LLC ("Karst"), whose only asset prior to the completion of the acquisition by Osisko Metals was a 3% net smelter return royalty (the Pine Point NSR) on the mineral claims and leases comprising the Pine Point zinc-lead project (the Pine Point Project).
  • The Pine Point Project is 100% owned by a wholly owned subsidiary of the Corporation.
  • Mr. Robert Wares, Executive Chairman of Osisko Metals, commented; We are very happy to have concluded the Karst transaction and acquired the only outstanding royalty on the Pine Point Project.
  • With the simultaneous equity and royalty deal with Osisko Gold Royalties, we have unencumbered the royalty on the Pine Point Project by 50% while leaving money on the table for Osisko Metals.

Osisko Announces Positive Drill Results at Osisko Mining’s Windfall Project

Monday, December 16, 2019 - 5:10pm

MONTREAL, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (Osisko or the Company) (TSX & NYSE:OR) is pleased to announce that Osisko Mining Inc. (Osisko Mining) has reported significant high-grade drill results at its Windfall gold project (Windfall).

Key Points: 
  • MONTREAL, Dec. 16, 2019 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (Osisko or the Company) (TSX & NYSE:OR) is pleased to announce that Osisko Mining Inc. (Osisko Mining) has reported significant high-grade drill results at its Windfall gold project (Windfall).
  • The Windfall project will deliver substantial benefits to the province of Qubec, the areas First Nations communities and other stakeholders.
  • Osisko owns a 1.5% net smelter return (NSR) royalty on Windfall (Windfall Royalty).
  • The Windfall Royalty provides Osisko with exciting exposure to a large area covering Canadas next emerging high-grade world-class gold camp.

AMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Royalty Buyout and Notice of Distribution"

Friday, March 15, 2019 - 11:00am

AMERICAN FORK, UT, March 15, 2019 /PRNewswire/ - Royalty Buyout- Clifton Mining Company has finalized a second amended and restated agreement with Desert Hawk Gold Corp. ("Amended Agreement").

Key Points: 
  • AMERICAN FORK, UT, March 15, 2019 /PRNewswire/ - Royalty Buyout- Clifton Mining Company has finalized a second amended and restated agreement with Desert Hawk Gold Corp. ("Amended Agreement").
  • We believe that as Desert Hawk increases production, the Desert Hawk shares will provide a far greater return than the net smelter return royalty.
  • Desert Hawk Gold Corp. has also received necessary funding to increase its production capacity and enlarge and expand its mining operations.
  • Notice of Distribution- American Silver, LLC, parent company to American Biotech Labs, LLC "ABL" has declared a $0.17 per share distribution, providing approximately $259,000 to Clifton Mining Company, its largest single shareholder.