Arizona Sonoran Buys-down 0.64% of the Cactus Project Royalties

About this update from Arizona Sonoran Copper Co., Inc.

[{"type":"text","content":"Arizona Sonoran Buys-down 0.64% of the Cactus Project Royalties\n\n\n\n\n\n\n\n Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF)\n \n (“ASCU” or the “Company”), an emerging U.S. copper developer, is pleased to announce that its subsidiaries have exercised their rights to buy-down 0.64% of certain net smelter returns royalties on the Cactus Project (collectively, the “NSRs”; see\n \n\n FIGURE 1\n \n\n , outlined in yellow), ahead of the applicable July 10, 2025 exercise notice expiry dates. Total cash payments of US$8.91 million will be made to RG Royalties LLC, a subsidiary of Royal Gold Inc. (RLGD:NASDAQ) and Elemental Altus Royalties Corp. (ELE:TSXV), to reduce the aggregate percentage of the NSRs from 3.18% to a remaining 2.54% (collectively, the “Buy-downs”). The Buy-downs are expected to close on or about August 12\n \n th\n \n , 2025.\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20250625498108/en/\n \n\n\n\n\n The Buy-downs continue the Company’s royalty reduction strategy as it continues to optimize Project economics in advance of the PFS scheduled for completion later this year. The remaining 2.54% NSR applies to the Cactus West and Cactus East deposits as well as a portion of the Parks/Salyer deposit, outlined in yellow. In early Q2 2025, the Company's subsidiary had two historic ASARCO royalties vacated by final judicial order. Additionally, in January, ASCU bought down a royalty on the BCE Property, covering a small portion of the Parks/Salyer deposit, from 1.5% to 0.5% for a cash payment of US$500,000 (PR dated JAN 6, 2025), as outlined in blue. The southern portion of the Parks/Salyer deposit outlined in white, formerly referred to as the MainSpring Property, is not subject to any royalties and comprises the first four years of production in a conceptual mine plan as contemplated by the 2024 PEA.\n \n\n\n The Buy-downs continue the Company’s royalty reduction strategy as it continues to optimize Project economics in advance of the Pre-Feasibility Study (“PFS”) scheduled for completion later this year. The remaining 2.54% NSR applies to the Cactus West and Cactus East deposits as well as a portion of the Parks/Salyer deposit, outlined in yellow in\n ...

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