Business
Elemental Executes Option Agreement to Sell the Hachita Porphyry Copper-Gold Project
Vancouver, 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.
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":"Vancouver, 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.","length":622,"tagName":"p"},{"type":"text","content":"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.","length":438,"tagName":"p"},{"type":"text","content":"Highlights ","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Option agreement signed with First Quantum to explore for copper-gold porphyry in New Mexico","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The agreement includes execution and options payments to Elemental totalling over US$800,000 over a five-year earn-in period","length":124,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Upon earn-in, Elemental will be granted a 3% NSR royalty, as well as US$100,000 AAR and other milestone payments as the Project advances","length":136,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Demonstration of the organic royalty generation model providing long-term value through partner company funded programs paired with their technical expertise","length":157,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":509,"olType":false},{"type":"text","content":"The 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 ...