Ownership, Earn-in and Royalties

3% State net income production on all claims

100% Ownership of Stellar Project

Altius Royalty on core Stellar claim blocks:

  • 2% NSR for precious metals
  • 2% Gross value royalty on U3O8
  • 1% NSR for other metals (including Cu)

Millrock 1% NSR on all claim blocks within Area of Influence (AOI) for all metals

Advanced royalty payment to Millrock from March 2019, US$20k in year 1, escalates by US$5k per annum, deductible from royalty payments,

Cash payment milestones to Millrock:

  • $1M on delineation of 1Moz gold in JORC-Indicated Resource at Zackly
  • US$2M on delineation of 1Mt contained copper metal (or equiv.) in JORC-Indicated resource anywhere on the property

Caribou Dome Property

  1. A 5% net smelter return (NSR) is payable in relation to the sale of ore from the property and the Company has the right to purchase/cancel the royalty for US$1.0M for each 1%.
  2. The 10% minority JV interests dilute unless they contribute to expenditures. If they dilute to 3% or less they each automatically convert to a 1% NSR.
All Claims
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