DealsMay 27, 2026, 06:16 AM
Elemental Royalty Subsidiary Signs Copper Exploration Deal with KGHM Unit
AI Summary
Elemental Royalty Corporation's wholly owned subsidiary, Bronco Creek Exploration Inc., has entered into an Exploration and Option agreement with Robinson Holdings (USA) Ltd., a subsidiary of KGHM Polska Miedź S.A. The agreement covers four porphyry copper projects in Nevada, granting RHUSA the opportunity to earn a 100% interest. Elemental will receive US$315,000 in execution payments and option payments up to US$600,000 per project, while RHUSA commits to funding up to US$5,000,000 in exploration expenditures per project. Upon option exercise, Elemental retains a 2% Net Smelter Return royalty, escalating annual advance royalties, and additional milestone payments.
Key Highlights
- Elemental Royalty's subsidiary signed an Exploration and Option agreement with KGHM's subsidiary for four Nevada copper projects.
- Elemental will receive US$315,000 in execution payments.
- Option payments up to US$600,000 per project will be made over a six-year earn-in period.
- RHUSA will fund up to US$5,000,000 in exploration expenditures per project.
- Elemental retains a 2% Net Smelter Return (NSR) royalty on each project upon option exercise.
- Annual Advance Royalty (AAR) payments start at US$50,000 per project, escalating by US$10,000 annually.
- Milestone payments include US$500,000 for resource declaration, US$750,000 for PEA, and US$1,000,000 for Feasibility Study.
- Financial benefits from the Tango Project will be split 70% / 30% between BCE and Great Western Mining.
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