ROKMASTER Resources Corp V.RKR

Alternate Symbol(s): RKMSF

Metals & Mining Industrial Metals & Minerals

Rokmaster Resources Corp is a mineral exploration company. It is focused on acquiring and developing mineral resource properties and exploring such properties for precious metals, base metals, and industrial minerals in North, Central and South America. Its projects include Revel Ridge Project, Duncan Lake Zinc-Lead Property, and Big Copper Property. Its flagship Revel Ridge Project hosts a high-grade gold and polymetallic orogenic sulfide deposit. The Revel Ridge Property is located in the Revelstoke Mining Division in southeastern British Columbia, 32 kilometers (km) northeast of Revelstoke, British Columbia, 420 km northeast of Vancouver, British Columbia, and 290 km west of Calgary, Alberta. The Duncan Lake Zinc-Lead Property is located in the Slocan Mining Division, 64 km north of the town of Kaslo and 150 km north of the smelter city of Trail in southeast British Columbia. Big Copper is located in the Fort Steele and Slocan Mining Divisions, British Columbia, Canada.

TSXV:RKR - Post by User

ROKMASTER Resources Corp > PEA Delivers Rokmaster Resources Robust Project Economics

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Comment by vanexon Jan 04, 2024 10:28pm

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Post# 35811769

RE:PEA Delivers Rokmaster Resources Robust Project Economics

This is great but do they still own this project??? Did they make the required payments or they did not and are going to lose it just like they lost the Pinaya project in Peru??

Huakan-RKR Agreement Terms

Rokmaster can exercise the Option by paying Huakan an aggregate of CDN$44,200,000 in cash on the following schedule (the "Option Period"):

CDN200,000 within 5 business days of the date on which Rokmaster has obtained TSX Venture Exchange ("TSXV") acceptance of the Huakan-RKR Agreement (the "Effective Date");
an additional CDN$1,000,000 within 5 business days of the first anniversary of the Effective Date;
an additional CDN$4,000,000 within 5 business days of the second anniversary of the Effective Date;
an additional CDN$6,000,000 within 5 business days of the third anniversary of the Effective Date;
an additional CDN$13,000,000 within 5 business days of the fourth anniversary of the Effective Date; and
an additional CDN$20,000,000 within 5 business days of the fifth anniversary of the Effective Date.