Oreterra Metals sells option to buy down Newmont Lake royalty for shares and cash valued at $1.1 million

Newmont Corporation

Newmont Corporation

NEM

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  • Oreterra closed the sale of an option allowing Enduro Metals to acquire up to 50% of its 2% NSR on the Newmont Lake Project.
  • Near-term consideration valued at about $1.1 million, including 3,900,000 Enduro shares issued on closing and $175,000 cash.
  • Deal includes up to $22 million in potential future staged cash payments and advance royalty payments.
  • Oreterra retains a 1% NSR on Newmont Lake for ongoing exposure.


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