Aftermath Silver Makes Early US$2.9-million Property Payment to EMX Royalty Corp for Berenguela Project Ag-Cu-Mn, Peru
Aftermath Silver (AAGFF) has made an early US$2.9-million property payment to EMX Royalty Corp for its Berenguela silver-copper-manganese project in Peru, 5 months ahead of the May 2025 due date. This payment is part of the company's option to acquire 100% interest in the project through agreements with SSR Mining and EMX Royalty.
The remaining payments to EMX include US$3.25-million due in November 2026 and a sliding-scale NSR royalty on mineral production: 1.0% when silver prices are up to US$25 per ounce, increasing to 1.25% when silver exceeds US$25 per ounce and copper is above US$2 per pound.
The company is currently focusing on completing the Berenguela PEA and revising the mineral resource estimate, incorporating results from recent infill drilling.
Aftermath Silver (AAGFF) ha effettuato un pagamento anticipato di 2,9 milioni di dollari per la proprietà a favore di EMX Royalty Corp per il suo progetto Berenguela di argento-rame-manganese in Perù, con 5 mesi di anticipo sulla scadenza di maggio 2025. Questo pagamento è parte delle opzioni dell'azienda per acquisire il 100% dei diritti sul progetto tramite accordi con SSR Mining ed EMX Royalty.
I pagamenti rimanenti a EMX includono 3,25 milioni di dollari in scadenza a novembre 2026 e una royalty NSR basata su una scala mobile sulla produzione minerale: 1,0% quando i prezzi dell'argento sono fino a 25 dollari per oncia, che aumenta a 1,25% quando l'argento supera i 25 dollari per oncia e il rame è sopra i 2 dollari per libbra.
L'azienda è attualmente focalizzata sul completamento dell'PEA di Berenguela e sulla revisione della stima delle risorse minerali, incorporando i risultati dei recenti sondaggi di infill.
Aftermath Silver (AAGFF) ha realizado un pago anticipado de 2.9 millones de dólares a EMX Royalty Corp por su proyecto de plata-cobre-manganeso Berenguela en Perú, 5 meses antes de la fecha de vencimiento en mayo de 2025. Este pago es parte de la opción de la empresa para adquirir el 100% de interés en el proyecto a través de acuerdos con SSR Mining y EMX Royalty.
Los pagos restantes a EMX incluyen 3.25 millones de dólares que vencen en noviembre de 2026 y una regalía NSR de escala móvil sobre la producción mineral: 1.0% cuando los precios de la plata están hasta 25 dólares por onza, aumentando a 1.25% cuando la plata supera los 25 dólares por onza y el cobre está por encima de 2 dólares por libra.
La empresa se está enfocando actualmente en completar el PEA de Berenguela y en revisar la estimación de recursos minerales, incorporando resultados de perforaciones recientes de relleno.
애프터매스 실버 (AAGFF)는 페루의 베렌구엘라 은-구리-망간 프로젝트에 대해 EMX 로열티 주식회사에 290만 달러의 조기 지급을 완료했으며, 이는 2025년 5월 마감일보다 5개월 빨랐습니다. 이 지급은 SSR 광업 및 EMX 로열티와의 계약을 통해 프로젝트에 대한 100%의 권리를 인수하기 위한 회사의 옵션의 일환입니다.
EMX에 대한 남은 지급액은 2026년 11월에 만기가 도래하는 325만 달러와 광물 생산에 대한 슬라이딩 스케일 NSR 로열티가 포함됩니다: 은 가격이 온스당 25달러 이하일 때는 1.0%, 은이 25달러를 초과하고 구리가 파운드당 2달러를 초과할 경우 1.25%로 증가합니다.
회사는 현재 베렌구엘라 PEA 완료와 최근 탐사 결과를 반영한 광물 자원 추정치를 수정하는 데 주력하고 있습니다.
Aftermath Silver (AAGFF) a effectué un paiement anticipé de 2,9 millions de dollars à EMX Royalty Corp pour son projet en argent-cuivre-manganèse de Berenguela au Pérou, cinq mois avant la date d'échéance en mai 2025. Ce paiement fait partie de l'option de la société d'acquérir une participation de 100 % dans le projet via des accords avec SSR Mining et EMX Royalty.
Les paiements restants à EMX incluent 3,25 millions de dollars dus en novembre 2026 ainsi qu'une redevance NSR à échelle mobile sur la production minérale : 1,0 % lorsque les prix de l'argent sont jusqu'à 25 dollars l'once, s'élevant à 1,25 % lorsque l'argent dépasse 25 dollars l'once et que le cuivre est supérieur à 2 dollars la livre.
La société se concentre actuellement sur l'achèvement de l'PEA de Berenguela et la révision de l'estimation des ressources minérales, en intégrant les résultats des récentes forages d'infill.
Aftermath Silver (AAGFF) hat eine vorzeitige Zahlung von 2,9 Millionen US-Dollar an EMX Royalty Corp für sein Silber-Kupfer-Mangan-Projekt Berenguela in Peru geleistet, fünf Monate vor dem Fälligkeitsdatum im Mai 2025. Diese Zahlung ist Teil der Option des Unternehmens, eine 100%ige Beteiligung an dem Projekt durch Vereinbarungen mit SSR Mining und EMX Royalty zu erwerben.
Die verbleibenden Zahlungen an EMX umfassen 3,25 Millionen US-Dollar, die im November 2026 fällig werden, sowie eine gestaffelte NSR-Royalty auf die Mineralproduktion: 1,0%, wenn die Silberpreise bis zu 25 US-Dollar pro Unze betragen, steigend auf 1,25%, wenn der Silberpreis 25 US-Dollar pro Unze übersteigt und der Kupferpreis über 2 US-Dollar pro Pfund liegt.
Das Unternehmen konzentriert sich derzeit darauf, das PEA für Berenguela abzuschließen und die Schätzung der Mineralressourcen unter Einbeziehung der Ergebnisse jüngster Infill-Bohrungen zu überarbeiten.
- Early payment of US$2.9M property payment, negotiated down from original amount
- Progress towards 100% project acquisition
- Ongoing PEA development and mineral resource estimate revision
- Remaining payment obligation of US$3.25M due in November 2026
- Future NSR royalty obligations on production
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Aftermath Silver Ltd. (TSXV: AAG) (OTCQX: AAGFF) (the "Company" or "Aftermath Silver") is pleased to provide an update on its Berenguela silver-copper-manganese project located in the Department of Puno, in southern central Peru (the "Project" or "Berenguela").
The Company has an option (the "Option") to acquire a
The Company has made the third property payment 5 months ahead of the May 2025 due date. In return, EMX agreed to reduce the amount due to US
Ralph Rushton, President and CEO of Aftermath commented: "Aftermath would once again like to thank David Cole and the team at EMX for their flexibility in agreeing to adjust the terms of the Berenguela agreement. With the latest payment made, our focus now is on completion of the Berenguela PEA. We will also be revising the mineral resource estimate for Berenguela incorporating the results of the latest round of in fill drilling."
EMX's interest in Berenguela resulted from EMX's acquisition of a portfolio of royalty interests and payments from SSR and certain of its subsidiaries (see EMX news releases dated July 29 and October 21, 2021). Aftermath Silver's payment obligations, which arise pursuant to a definitive acquisition agreement, originally executed with SSR totalling US
- US
$3 -million cash to be paid on the May 15, 2025 (Paid); - US
$3.25 -million cash to be paid on the sixth anniversary of the initial closing date (i.e. November 2026); - A sliding-scale NSR royalty on all mineral production from the Project for the life of mine commencing at the declaration of commercial production, and based on the following:
1.0% NSR royalty on all mineral production when the silver market price is up to and including US$25 per ounce;1.25% NSR royalty on all mineral production when the silver market price is over US$25 per ounce and when the copper market price is above US$2 per pound.
Qualified person
Michael Parker, a fellow of the AusIMM and a non-independent director of Aftermath, is a non-independent qualified person, as defined by National Instrument 43-101. Mr. Parker has reviewed the technical content of this news release and consents to the information provided in the form and context in which it appears.
About EMX Royalty Corp.
EMX is a precious and base metals royalty company. EMX's investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company's common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol "EMX". Please seewww.EMXroyalty.com for more information.'
About Aftermath Silver Ltd.
Aftermath Silver is a leading Canadian junior exploration company focused on silver and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The company's projects have been selected based on growth and development potential.
ON BEHALF OF THE BOARD OF DIRECTORS
"Ralph Rushton"
Ralph Rushton
CEO and Director
604-484-7855
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236251
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