Ownership
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
Earning 80% project interest in Caribou Dome and SV Metals Claims and 90% of the Hatcher Claims
- Earn-in achieved upon earlier of Feasibility Completion or
spending US$9M by 2023 - Minimum spend of US$2M every 3 years
- Annual payments of US$100k until 2022
- US$1.36M final cash payment in 2023
- 5% NSR, purchasable for US$1M per 1%