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
Caribou Dome Property
- 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%.
- 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.
