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Oreterra Receives Conditional Approval to Sell Option to Buy Down Newmont Lake Royalty to Enduro Metals
Toronto, Ontario--(Newsfile Corp. - May 29, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (FSE: D4RO) (WKN: A421RQ) ("Oreterra" or the "Company") is pleased to announce that the TSX Venture Exchange has conditionally accepted for filing documentation pertaining to an arms-length amending agreement dated April 27, 2026 (the "Agreement"), between the Company and an arm's length party: Enduro Metals Corporation (the "Optionee"), a TSXV Listed Issuer. Pursuant to the Agreement, the...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 29, 2026) - Oreterra Metals Corp. (TSXV: OTMC) (OTCID: OTMCF) (FSE: D4RO) (WKN: A421RQ) ("Oreterra" or the "Company") is pleased to announce that the TSX Venture Exchange has conditionally accepted for filing documentation pertaining to an arms-length amending agreement dated April 27, 2026 (the "Agreement"), between the Company and an arm's length party: Enduro Metals Corporation (the "Optionee"), a TSXV Listed Issuer. Pursuant to the Agreement, the Optionee will have an option to acquire up to 50% of the net smelter returns royalty interest held by the Company in the Optionee's Newmont Lake Project (the "NSR"), located adjacent to Oreterra's Trek-Andrei property in BC's Golden Triangle.","length":813,"tagName":"p"},{"type":"text","content":"Closing of the transaction remains subject to TSX Venture Exchange final approval.","length":82,"tagName":"p"},{"type":"text","content":"About the Agreement:","length":20,"tagName":"p"},{"type":"text","content":"In order to exercise the option on the NSR, the Optionee must issue 3,900,000 common shares to the Company and make aggregate payments of $550,000 to the Company over a period of two years (the "Term"), of which $175,000 is due within 3 months of closing, and payments of $250,000 may be payable in cash or common shares of the Optionee during the Term (at the Optionee's discretion). Further, potential future consideration involves: (i) a $500,000 cash payment upon delivery of a maiden NI 43-101 compliant resource estimate (of which up to $300,000 may be satisfied through the issuance of common shares of the Optionee); (ii) a $1,750,000 cash payment and a $1,750,000 advance royalty payment upon completion of the first Feasibility Study in respect of the Property; (iii) a $10,000,000 cash advance royalty payment upon a decision to proceed toward mine permitting; and (iv) a one-time payment of $8,000,000 prior to commencement of extraction to buy back 50% of the existing 2% NSR.","length":1003,"tagName":"p"},{"type":"text","content":"Upon exercise of the option, the Company will retain a 1.0% Net Smelter Return royalty on the Property.","length":103,"tagName":"p"},{"type":"text","content":"About Oreterra Metals Corp.","length":27,"tagName":"p"},{"type":"text"...