Elemental Royalty Sells Hachita Copper-Gold Project Option to First Quantum
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Elemental Royalty Corporation has entered into an option agreement with First Quantum Minerals for the Hachita copper-gold project in New Mexico. The deal includes over US$800,000 in payments to Elemental over five years and requires First Quantum to invest US$6 million in exploration. Elemental will retain a 3% net smelter return royalty and receive additional payments as the project progresses.
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