- Pacific Empire Minerals (PEMC) is acquiring a new Net Smelter Return (NSR) royalty
- The Vancouver copper exploration company has signed a purchase and sale agreement with EnGold Mines Ltd
- Pacific Empire is selling the company’s 100-percent interest in the LLH1 mineral tenure to EnGold
- The mineral tenure covers 1,315 hectares, contiguous to EnGold’s Lac La Hache Property in central British Columbia
- The sale is in exchange for a two-percent NSR on the claim. EnGold will retain the right to purchase the NSR at any time for $1,000,000
- Pacific Empire Minerals is unchanged, trading at $0.035 at 12:30 p.m. EST
Pacific Empire Minerals (PEMC) is acquiring a new Net Smelter Return (NSR) royalty.
The Vancouver copper exploration company has signed a purchase and sale agreement with EnGold Mines Ltd.
Pacific Empire is selling the company’s 100-percent interest in the LLH1 mineral tenure to EnGold.
The mineral tenure covers 1,315 hectares, contiguous to EnGold’s Lac La Hache Property in central British Columbia.
The sale is in exchange for a two-percent NSR on the claim. EnGold will retain the right to purchase the NSR at any time for $1,000,000.
“We are excited to have completed this transaction which provides PEMC with a 2% Net Smelter Return on prospective ground within EnGold’s Lac La Hache Property,” said Pacific Empire President and CEO Brad Peters.
The two companies operated a joint venture on the property between 2016 and 2018.
Pacific Empire Minerals is unchanged, trading at $0.035 at 12:30 p.m. EST.