Mining Lease Secured at Copper Mountain, Setting the Stage for Future Production
With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres.
- With the Lease, the size of the Copper Mountain Uranium Project increases by 320 acres from 3,886 to 4,206 acres.
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Under the Lease, Myriad has paid Diamond X a US$5,000 signing bonus and the first-year property lease payment of US$8,000 (US$25 per acre). - Uranium produced from areas where Diamond X holds both surface and mineral rights will attract a flat 3% royalty on net returns.
- A more thorough review of any available original data will be undertaken and reported on in more detail in future releases.