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Anteros Metals Enters Into Option Agreement
St. John's, Newfoundland and Labrador--(Newsfile Corp. - March 12, 2026) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") announces that it has entered into a mining option agreement (the "Option Agreement") with an arm's length party (the "Optionee") dated March 10, 2026 (the "Effective Date"), pursuant to which the Company granted the Optionee an option (the "Option") to acquire its knob lake property (the "Property") located in Newfoundland and Labrador. As consideration for the.
About this update from Anteros Metals Inc.
[{"type":"text","content":"St. John's, Newfoundland and Labrador--(Newsfile Corp. - March 12, 2026) - Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") announces that it has entered into a mining option agreement (the "Option Agreement") with an arm's length party (the "Optionee") dated March 10, 2026 (the "Effective Date"), pursuant to which the Company granted the Optionee an option (the "Option") to acquire its knob lake property (the "Property") located in Newfoundland and Labrador.","length":552,"tagName":"p"},{"type":"text","content":"As consideration for the Option, the Optionee shall:","length":52,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"make a cash payment in the amount of $100,000 within thirty (30) days of the Effective Date (the "First Option Payment"). Upon completion of the First Option Payment, the Optionee shall earn a 25% interest in the Property;","length":232,"tagName":"p"}]},{"val":[{"type":"text","content":"upon completion of the First Option Payment and on or before the third (3rd) anniversary of the Effective Date: (i) make a cash payment in the amount of $314,992; and (ii) at the election of the Optionee, complete a preliminary economic assessment (as that term is defined in National Instrument 43-101 – Standard of Disclosure for Mineral Projects) on the Property (the "Second Option Payment"). Upon completion of the First Option Payment, the Optionee shall earn an additional 50% interest in the Property;","length":524,"tagName":"p"}]},{"val":[{"type":"text","content":"upon completion of the Second Option Payment and on or before the fifth (5th) anniversary of the Effective Date: (i) make a cash payment in the amount of $314,992; and (ii) at the election of the Optionee, obtaining all necessary regulatory approval, permits and agreements, including without limitation indigenous benefit and rail agreement, to permit the Optionee to commence construction of a mine on the Property (the "Third Option Payment"). Upon completion of the Third Option Payment, the Optionee shall earn an additional 10% interest in the Property;","length":569,"tagName":"p"}]},{"val":[{"type":"text","content":"upon completion of the Third Option Payment and on or before the seventh (7th) anniversary of the Ef...