Bullboard - Stock Discussion Forum Gold Mountain Mining Corp T.GMTN

Alternate Symbol(s): GMTNF

Metals & Mining Gold

Gold Mountain Mining Corp. is a Canada-based gold and silver exploration and development company. The Company is focused on resource expansion at the Elk Gold Project, a producing mine located approximately 57 kilometers (km) from Merritt in South Central British Columbia. The Company is engaged in the production of crushed ore, containing both gold and silver, mineral exploration, and... see more

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Gold Mountain Mining Corp > Gold Mountain Enters into a Silver Royalty Agreement

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Post by Betteryear2 on May 12, 2023 9:12am

Gold Mountain Enters into a Silver Royalty Agreement

VANCOUVER, BC / ACCESSWIRE / May 12, 2023 / Gold Mountain Mining Corp. ("Gold Mountain" or the "Company") (TSX:GMTN)(OTCQB:GMTNF)(FRA:5XFA) is pleased to announce it has entered into a royalty purchase agreement (the "Royalty Purchase Agreement") with Silver Crown Royalties Inc. ("SCR") whereby,the Company sold to SCR a royalty (the "Royalty") on 45% of the aggregate gross proceeds of silver (the "Royalty Percentage") sold from the Company's Elk Gold project located in British Columbia, Canada (the "Property") for consideration of up to $3,300,000. SCR has an option to increase the Royalty Percentage to 90% in the next ten business days through the payment of an additional $1,250,000 in cash and increased contingent Production Bonuses (as defined below) of up to $2,000,000.

Gold Mountain Enters into a Silver Royalty Agreement with Silver Crown Royalties Inc. (accesswire.com)