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Elemental Executes Option Agreement to Sell the Hachita Porphyry Copper-Gold Project
Vancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Elemental Royalty Corporation&...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Executes Option Agreement to Sell the Hachita Porphyry Copper-Gold ProjectVancouver, British Columbia--(Newsfile Corp. - December 4, 2025) - Elemental Royalty Corporation (TSXV: ELE) (NASDAQ: ELE) (\"Elemental\" or the \"Company\") is pleased to announce that Bronco Creek Exploration Inc. (\"BCE\"), a wholly owned subsidiary of Elemental, has executed an option agreement (the \"Agreement\") with First Quantum Minerals Limited (\"First Quantum\"), an Ontario, Canada, corporation (TSX: FM) for the Hachita project (the \"Project\") in order to explore for porphyry copper-gold style mineralization in southwestern New Mexico, U.S. The Agreement provides Elemental with an execution payment, staged option payments, and required work commitments on the Project during the earn-in period. Additionally, upon earn-in for the Project, Elemental will receive a 3% net smelter return (\"NSR\") royalty interest, annual advanced royalty (\"AAR\") and milestone payments, providing the Company with a strong foundation for future upside as the Project advances.Highlights Option agreement signed with First Quantum to explore for copper-gold porphyry in New MexicoThe agreement includes execution and options payments to Elemental totalling over US$800,000 over a five-year earn-in periodUpon earn-in, Elemental will be granted a 3% NSR royalty, as well as US$100,000 AAR and other milestone payments as the Project advancesDemonstration of the organic royalty generation model providing long-term value through partner company funded programs paired with their technical expertiseThe Project was acquired by staking of open ground after recognizing untested targets in the underexplored Sylvanite District during regional generative exploration efforts in the Laramide belt of southwestern U.S. The agreement serves as another example of generating compelling district-scale opportunities and organically growing the company's royalty portfolio through its royalty generation efforts and technical expertise. Commercial Terms Overview Under the terms of the Agreements, First Quantum can earn 100% interest in the Project by providing: a) an execution payment totaling US$50,000, b) option payments totaling US$750,000, and c) cumulative exploration expenditures of US$6,000,000 over the five-year term of the option agreement. Upon option exercise ...