Examples of Net Smelter Returns in a sentence
Second Royalty Purchase Agreement On June 25, 2020, the Company entered into a Royalty Purchase Agreement and a Net Smelter Returns Royalty Agreement (the “Second Agreements”) with RCF.
Royalty Purchase Agreement On December 3, 2019, the Company entered into a Royalty Purchase Agreement and a Net Smelter Returns Royalty Agreement (the “First Agreements”) with RCF VI CAD LLC (“RCF”), a limited liability corporation in the State of Delaware.
Beyond claims acquired by staking, material transactions and royalty obligations in respect of this property are: Fourteen claims totalling 574.6 hectares, known as the Ox claims, are subject to a 2% Net Smelter Returns (“NSR”) royalty.
Further, the Viking agreement provides for one-half of one percent (0.5%) Net Smelter Returns royalty (“NSR”) to Spruce Ridge on the sale of gold from Viking.
If a Royalty Election is made, then SMC must pay to AXMIN a Royalty interest of 1.5% of Net Smelter Returns (“1.5% NSR”) from the sale or disposition of Minerals produced in the specified Target Area.