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Aftermath Silver Makes Early US$1.5-million Property Payment to EMX Royalty Corp for Berenguela Project Ag-Cu-Mn, Peru
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Aftermath Silver Ltd. (TSXV: ...
About this update from Aftermath Silver Ltd.
[{"type":"text","content":"Aftermath Silver Makes Early US$1.5-million Property Payment to EMX Royalty Corp for Berenguela Project Ag-Cu-Mn, PeruVancouver, British Columbia--(Newsfile Corp. - June 5, 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 100% interest in the Project through binding agreements with SSR Mining Inc. (\"SSR\") (see AAG news release dated October 21, 2020 for further details regarding the original option with SSR) and EMX Royalty Corporation (\"EMX\") following EMX's assumption of certain interests contained in Aftermath's agreement with SSR. The Company has made a partial payment of US$1.5-million toward the final property payment ahead of the November 2026 due date. In return, EMX has agreed to reduce the balance due in November 2026 to US$1.65-million. Ralph Rushton, President and CEO of Aftermath commented: \"Thanks again to David Cole and the team at EMX for adjusting the terms of the Berenguela agreement. We will continue to focus our efforts on Berenguela and expect an updated NI43-101 mineral resource estimate to be completed soon. We also are looking at a possible follow up of our recent drilling in the eastern part of Berenguela where we intersected 153 metres of 1.12% copper, 290 g/t silver and 7% manganese*.\"*see Aftermath news release dated February 27, 2025 for full details.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$13-million and other consideration to acquire a 100% interest in the Project, are summarized below (as now amended). The following represent the remaining payments to EMX;US$3-million cash to be paid on the May 15, 2025 (Paid);US$1.5-million cash paid in June 2025;US$1.65-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 product...