NSR Royalty
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Kenorland Minerals Reports Maiden Inferred Resource of 14.5 Mt at 5.47 g/t Au for 2.55 Million Ounces at the Frotet Project, Quebec, Where It Holds a 4% NSR Royalty
TMX Newsfile· 2025-12-16 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce a maiden Inferred Mineral Resource of 14.5 Mt at 5.47 g/t for 2.55 million ounces (Moz) of gold for the Regnault gold deposit at the Frotet Project (the "Project") in northern Quebec. Kenorland holds a 4% NSR royalty (the "Frotet Royalty") across the entirety of the Project, which is 100% owned and operated by Sumitomo Metal ...
Benz Exercises Option to Acquire Remaining 25% Interests in the Eastmain Gold Project and Ruby Hill Properties
Newsfile· 2025-10-28 01:22
Core Viewpoint - Benz Mining Corp. has successfully acquired the remaining 25% interest in the Eastmain Gold Project and Ruby Hill Properties from Fury Gold Mines Limited, achieving a total 100% ownership in these assets [1][2]. Eastmain Gold Project - The first milestone payment of C$1,000,000 was made to Fury Gold, consisting of C$750,000 in cash and C$250,000 through the issuance of 171,142 common shares at a deemed price of C$1.46078 [2]. - The company has granted a 2% net smelter return (NSR) royalty to EMI, with an option to purchase half of this royalty for C$1,500,000, reducing it to a 1% NSR royalty [3]. - The Eastmain Gold Project is subject to pre-existing royalties, including a 2.3% NSR royalty and a 2% NSR royalty, ensuring that the total royalty burden does not exceed 2.5% [3]. Ruby Hill Properties - A final cash payment of C$100,000 was made to acquire the remaining 25% interest in the Ruby Hill East Properties, resulting in a total 100% ownership [4]. - An additional 1% NSR royalty was granted to Eastmain, with an option to purchase half of this royalty for C$500,000, reducing it to a 0.5% NSR royalty [4]. - Similar to the Eastmain Gold Project, the Ruby Hill Properties are also subject to a maximum royalty burden of 2.5% [5][6]. Transaction Details - The transactions under the Option Agreement were conducted at arm's length, with no finder's fees payable [7].