Net Smelter Return Agreement Signed

Summary by AI BETAClose X

ACG Metals Limited announced that its subsidiary, Polimetal, has secured a 2% Net Smelter Return (NSR) royalty over a mining license area in Türkiye. The NSR agreement originates from a 2012 joint operation where Polimetal transferred the license to Kenz Madencilik for USD 150,000 and exploration expenditures, while retaining an option to acquire the NSR right. Polimetal will receive 2% of gross revenues from mineral sales, net of standard deductions, for the project's operational life. This agreement provides ACG Metals with future cash flow exposure without direct investment in exploration or operations.

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