Metallic in Klondike gold royalty deal with Parker Schnabel CanadiansInvest
-USOTC) on Tuesday announced the signing of a production royalty agreement involving alluvial gold claims in the Klondike Gold District of Canada’s Yukon Territory.
Under the agreement, Little Flake will be granted exclusive rights to extract gold from the Australia Creek property, with Metallic Minerals receiving a percentage of the production as a royalty. The agreement is effective immediately with production targeted to begin by June, 2023. Under the agreement, Little Flake must complete a $1 million minimum annual work commitment and pay Metallic Minerals an annual advance royalty plus a variable royalty on all gold production.
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