Awak

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

Retrieved on: 
Tuesday, May 5, 2020
Awak, Net smelter return, NSR, Vista, Vista, Articles

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.

Vista Gold Corp. to Receive $2.4 Million for 50% of Awak Mas Royalty from Exercise of Option

Retrieved on: 
Thursday, April 30, 2020
Awak, Windows Vista, Royalty payment, Vista, Royalty, Vista

Vista holds an NSR royalty on the Awak Mas project in Indonesia.

Key Points: 
  • Vista holds an NSR royalty on the Awak Mas project in Indonesia.
  • On April 29, 2020, PT Masmindo provided notice to Vista to exercise the option to cancel the related 1% NSR and 1.25% NSR upon making a payment of $2.4 million, which the Company expects to receive by May 8, 2020.
  • If PT Masmindo does not make the $2.4 million payment by May 8, 2020, Vista will retain the full royalty interests and can pursue alternative monetization strategies.
  • Looking ahead, should PT Masmindo choose to exercise the remainder of its option and cancel the other half of the Awak Mas NSR royalty, Vista could expect to receive an additional $2.5 million in twelve months.

AWAK Technologies Raises US$40 Million to Ready AWAK PD Wearable Dialysis Device for Late-Stage Development and Accelerated Commercialisation

Retrieved on: 
Friday, December 13, 2019
Membrane technology, Awak, Nephrology, Dialysis, Artificial kidney

The proceeds raised bring the total sum raised by AWAK since inception to more than US$60 million.

Key Points: 
  • The proceeds raised bring the total sum raised by AWAK since inception to more than US$60 million.
  • Suresha Venkataraya, Chief Executive Officer, AWAK Technologies, said: Currently, around three million people are undergoing dialysis treatment and forced to adapt their lifestyle to the therapy.
  • AWAK PD aims to provide dialysis on-the-go with maximum convenience and comfort, reducing the time and cost burdens of dialysis for patients and healthcare systems alike.
  • Abel Ang, Chairman, AWAK Technologies, and Group Chief Executive, Advanced MedTech, said, The global market for dialysis is US$80 billion.