Business
Arizona Sonoran Completes 0.64% Buy-down of Cactus Project Royalties
CASA GRANDE, Ariz. & TORONTO, August 13, 2025--ASCU has completed the 0.64% buy-down of certain net smelter returns royalties on the Cactus Project.
About this update from Royal Gold, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":442,"url":"https://media.zenfs.com/en/business-wire.com/129d90e6a24aa54c187461f5a17f51b5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GA23bJ2emK7_72KeEG5_Xg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTg4NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/129d90e6a24aa54c187461f5a17f51b5","width":480,"height":442}},"lazy":false},{"type":"text","content":"CASA GRANDE, Ariz. & TORONTO, August 13, 2025--(BUSINESS WIRE)--Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) ("ASCU" or the "Company"), an emerging U.S. copper developer, is pleased to announce that further to its June 25, 2025 press release, ASCU has completed the 0.64% buy-down of certain net smelter returns royalties on the Cactus Project (collectively, the "NSRs"; see FIGURE 1 – "2025 Royalty Map"). Following execution of definitive documentation, total cash payments of US$8.91 million were made to RG Royalties, LLC, a subsidiary of Royal Gold Inc. (RLGD:NASDAQ) and Elemental Royalties Delaware LLC, a subsidiary of Elemental Altus Royalties Corp. (ELE:TSXV), upon which the aggregate percentage of the NSRs was reduced from 3.18% to a remaining 2.54% (collectively, the "Buy-downs").","length":865,"tagName":"p"},{"type":"text","content":"Nick Nikolakakis, Arizona Sonoran Chief Financial Officer and VP Finance commented, "Management’s focus is driven by delivering copper price exposure and potential upside to our shareholders. The completion of the Buy-downs is a natural step for the Company to generate potential additional shareholder value and reduce economic encumbrance on the asset as we advance towards project financing. In particular, the 2024 PEA demonstrated that the $8.91 million expenditure to complete the Buy-downs improves the Cactus Project valuation at variety of long‑term copper price forecasts and, therefore, increases shareholder value, now and in the long run."","length":662,"tagName":"p"},{"type":"text","content":"The Company’s subsidiaries, Cactus 110 LLC and Arizona Sonoran Copper Company USA Inc., following execution of definitive documentation, have completed the Buy-downs as follows: (i) Royal Gold’s 2.5% NSR to 2.0% for US$7.0 mi...