Business
Oreterra Metals Sells Option to Buy Down Newmont Lake Royalty to Enduro Metals for Shares and Cash, Highlighting Golden Triangle Asset Value
Toronto, Ontario--(Newsfile Corp. - April 27, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (FSE: D4RO) (WKN: A421RQ) ("Oreterra" or the "Company")
About this update from Oreterra Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - April 27, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (FSE: D4RO) (WKN: A421RQ) (\"Oreterra\" or the \"Company\") is pleased to announce that it has entered into an amendment agreement with Enduro Metals Corporation (TSXV: ENDR) (\"Enduro\") with respect to the January 31, 2022 Royalty Agreement (the \"Royalty Agreement\") in respect of Oreterra's 2% Net Smelter Returns (\"NSR\") royalty interest in Enduro's 688 km2 Newmont Lake Project, located adjacent to the south to Oreterra's Trek-Andrei property. In exchange for the immediate consideration payable to Oreterra noted below, the agreement grants Enduro an option which, if executed, would incur the very significant further cash payments noted below and reduce the existing 2% net smelter returns (\"NSR\") royalty by 50% to 1%. \"This transaction reinforces the underlying value of our Golden Triangle assets, delivering immediate consideration through shares and cash valued at approximately $1.2 million at current market prices, while preserving meaningful long-term upside through a potential $21.5 million in staged and advanced royalty payments and retaining a 1% NSR for future exposure. We view this as a compelling value proposition for Oreterra's shareholders and believe it provides a clearer path for Enduro's team to advance their projects,\" stated Stephen Burega, President. \"In addition, we are highly encouraged by this momentum and greatly anticipate our upcoming work program at Trek South, a newly drill-permitted, large-scale porphyry copper-gold target, where strong, coincident geological, geochemical and geophysical anomalies define a kilometre-scale system and present a compelling discovery opportunity,\" added Mr. Burega. Immediate Consideration Valued at Approximately $1.2 Million: In consideration for Oreterra entering into the agreement, Enduro will issue to Oreterra: i) 3,900,000 common shares subject to a hold period where 25% of the shares will be released in equal 25% tranches every six months following the date of the agreement; and ii) make cash payments totalling $550,000 in various tranches over two (2) years with $175,000 due within 3 months from closing of the transaction. $250,000 of the cash consideration may be satisfied through the issuance of common shares of Endure. Potential Future Considerat...