Emperor Metals Proposes to Acquire Surface Rights to Lac Pelletier Property, Quebec
Emperor Metals has entered into a binding purchase agreement with an Eldorado Gold subsidiary to acquire surface rights to the Lac Pelletier Property in Quebec. The acquisition involves assuming rehabilitation and restoration plan liabilities, including bonds totaling $305,349, and releasing Eldorado's financial guarantee from Quebec authorities.
The surface rights comprise 5 lots located 4 km southwest of Rouyn-Noranda, Quebec, including a mining lease with a 1,000 tonnes/day mine permit. The property is subject to a 1% net smelter returns royalty to Metalla Royalty & Streaming The transaction is expected to close before April 15, 2025, pending customary conditions including Canadian Securities Exchange approval.
Emperor Metals ha stipulato un accordo di acquisto vincolante con una sussidiaria di Eldorado Gold per acquisire i diritti di superficie sulla Propriet脿 Lac Pelletier in Quebec. L'acquisizione comporta l'assunzione delle responsabilit脿 relative ai piani di riabilitazione e ripristino, inclusi obblighi per un totale di $305,349, e la liberazione della garanzia finanziaria di Eldorado dalle autorit脿 del Quebec.
I diritti di superficie comprendono 5 lotti situati a 4 km a sud-ovest di Rouyn-Noranda, Quebec, compresa una concessione mineraria con un permesso per una miniera di 1.000 tonnellate/giorno. La propriet脿 猫 soggetta a una royalty del 1% sui proventi della fusione netti a Metalla Royalty & Streaming. Si prevede che la transazione si chiuda prima del 15 aprile 2025, a condizione di soddisfare le consuete condizioni, inclusa l'approvazione della Canadian Securities Exchange.
Emperor Metals ha entrado en un acuerdo de compra vinculante con una subsidiaria de Eldorado Gold para adquirir los derechos de superficie de la Propiedad Lac Pelletier en Quebec. La adquisici贸n implica asumir las responsabilidades del plan de rehabilitaci贸n y restauraci贸n, incluidos los bonos que suman $305,349, y liberar la garant铆a financiera de Eldorado de las autoridades de Quebec.
Los derechos de superficie comprenden 5 lotes ubicados a 4 km al suroeste de Rouyn-Noranda, Quebec, incluyendo un arrendamiento minero con un permiso para una mina de 1,000 toneladas/d铆a. La propiedad est谩 sujeta a una regal铆a del 1% sobre los ingresos netos de fundici贸n a Metalla Royalty & Streaming. Se espera que la transacci贸n se cierre antes del 15 de abril de 2025, pendiente de condiciones habituales, incluida la aprobaci贸n de la Canadian Securities Exchange.
Emperor Metals电� Eldorado Gold鞚� 鞛愴殞靷檧 頃粯 韤橂病鞚� Lac Pelletier Property鞐� 雽�頃� 響滊┐ 甓岆Μ毳� 鞚胳垬頃橁赴 鞙勴暅 甑啀霠レ澊 鞛埖鐢 甑Г 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞚胳垬电� $305,349鞐� 頃措嫻頃樀鐢 毂勱秾鞚� 韽暔頃橃棳 鞛櫆 氚� 氤奠洂 瓿勴殟鞚� 毂呾瀯鞚� 靾橃毄頃橁碃, 韤橂病 雼龟淡鞙茧攵�韯� Eldorado鞚� 鞛爼 氤挫鞚� 頃挫牅頃樀鐢 瓴冹潉 韽暔頃╇媹雼�.
響滊┐ 甓岆Μ电� 韤橂病鞚� Rouyn-Noranda鞐愳劀 雮劀飒届溂搿� 4km 霒柎歆� 瓿踌棎 鞙勳箻頃� 5臧滌潣 攵�歆�毳� 韽暔頃橂┌, 頃橂（ 1,000韱れ潣 甏戩偘 項堦皜臧� 鞛埖鐢 甏戩梾 鞛勲寑 瓿勳暯鞚� 韽暔頃╇媹雼�. 鞚� 攵�霃欖偘鞚� Metalla Royalty & Streaming鞐� 雽�頃� 靾� 鞝滊牗 靾橃澋鞚� 1% 搿滌棿韹办棎 鞝侅毄霅╇媹雼�. 瓯半灅电� 旌愲倶雼� 歃濌秾 瓯半灅靻岇潣 鞀轨澑 霌� 韱奠儊鞝侅澑 臁瓣贝鞚� 於╈”霅橂┐ 2025雲� 4鞗� 15鞚� 鞚挫爠鞐� 鞕勲霅� 瓴冹溂搿� 鞓堨儊霅╇媹雼�.
Emperor Metals a sign茅 un accord d'achat contraignant avec une filiale de Eldorado Gold pour acqu茅rir les droits de surface de la Propri茅t茅 Lac Pelletier au Qu茅bec. L'acquisition implique la prise en charge des responsabilit茅s li茅es aux plans de r茅habilitation et de restauration, y compris des obligations totalisant 305 349 $, et la lib茅ration de la garantie financi猫re d'Eldorado par les autorit茅s qu茅b茅coises.
Les droits de surface comprennent 5 lots situ茅s 脿 4 km au sud-ouest de Rouyn-Noranda, Qu茅bec, y compris un bail minier avec un permis pour une mine de 1 000 tonnes/jour. La propri茅t茅 est soumise 脿 une redevance de 1 % sur les revenus nets de raffinage 脿 Metalla Royalty & Streaming. La transaction devrait 锚tre finalis茅e avant le 15 avril 2025, sous r茅serve des conditions habituelles, y compris l'approbation de la Canadian Securities Exchange.
Emperor Metals hat einen verbindlichen Kaufvertrag mit einer Tochtergesellschaft von Eldorado Gold abgeschlossen, um die Oberfl盲chenrechte an der Lac Pelletier Property in Quebec zu erwerben. Die 脺bernahme beinhaltet die 脺bernahme von Verpflichtungen aus dem Wiederherstellungs- und Sanierungsplan, einschlie脽lich Anleihen in H枚he von insgesamt 305.349 USD, und die Freigabe von Eldorados finanzieller Garantie durch die Beh枚rden von Quebec.
Die Oberfl盲chenrechte umfassen 5 Parzellen, die sich 4 km s眉dwestlich von Rouyn-Noranda, Quebec, befinden, einschlie脽lich eines Bergbaumietvertrags mit einer Genehmigung f眉r eine Mine mit einer Kapazit盲t von 1.000 Tonnen pro Tag. Das Grundst眉ck unterliegt einer Lizenzgeb眉hr von 1% auf Nettogewinne aus Schmelzen an Metalla Royalty & Streaming. Der Abschluss der Transaktion wird bis sp盲testens 15. April 2025 erwartet, vorbehaltlich der 眉blichen Bedingungen, einschlie脽lich der Genehmigung durch die Canadian Securities Exchange.
- Acquisition includes mining lease with 1,000 tonnes/day mine permit
- Strategic location 4 km from Rouyn-Noranda, Quebec
- Relatively low acquisition cost, primarily involving assumption of bonds worth $305,349
- Assumption of rehabilitation and restoration plan liabilities
- 1% net smelter returns royalty obligation
- Transaction subject to regulatory approval
Edmonton, Alberta--(Newsfile Corp. - January 9, 2025) - Emperor Metals Inc. (CSE: AUOZ) (the "Company" or "Emperor Metals") – is pleased to announce that, further to its announcement on January 7, 2025 regarding the acquisition of the undersurface rights and interests to the Lac Pelletier Property (the "Lac Pelletier Property" or the "Property") from Maritime Resources Corp., it has now entered into a binding agreement of purchase and sale dated January 9, 2024 (the "Purchase and Sale Agreement") with a wholly owned subsidiary of Eldorado Gold Corporation ("Eldorado Gold") to acquire Eldorado's surface rights to the Lac Pelletier Property. The primary consideration for the acquisition is the assumption of all the liabilities of Eldorado Gold in connection with the rehabilitation and restoration plan related to the Property, including a cash bond and a surety bond in the aggregate amount of
The surface rights to the Lac Pelletier Property are comprised of 5 lots which are located approximately 4 km southwest of the city of Rouyn-Noranda, Quebec. These rights include a mining lease with a 1,000 tonnes/day mine permit.
The Property is subject to a one percent (
For further details regarding the Lac Pelletier Property, please refer to the Company's press release of January 7, 2025, which is available on SEDAR+ as well as the Company's website at .
About Emperor Metals Inc.
Emperor Metals Inc. is a mineral exploration company focused mineral exploration in Canada, and on proving the potential of the Pine Grove and other early-stage gold projects located near the Hemlo Gold Mine within the western portion of the prolific Wawa-Abitibi Gold Belt of Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Florek"
John Florek,
Chief Executive Officer
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE "FORWARD-LOOKING INFORMATION" AND "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE STATEMENTS AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS WILL MEET MANAGEMENT'S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS "ANTICIPATES", "BELIEVES", "TARGETS", "ESTIMATES", "PLANS", "EXPECTS", "MAY", "WILL", "COULD" OR "WOULD".
FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, THE ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS.
To view the source version of this press release, please visit
FAQ
What are the key terms of Emperor Metals' Lac Pelletier surface rights acquisition?
What mining permits are included in the Lac Pelletier Property acquisition?
When is the expected closing date for Emperor Metals' Lac Pelletier surface rights acquisition?
What royalty obligations are attached to the Lac Pelletier Property?
Where is the Lac Pelletier Property located?
