Ely Gold Royalties Inc : Ely Gold Royalties Options Cimarron Property Nye County, Nevada finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
News Update
Streetwise Reports (2/11/21) This deal takes Ely Gold Royalties interest in the leased mining claims at Hog Ranch to 75.01% and its royalty there to 2.25%.
Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQX; I4U:FSE) announced in a news release that through its subsidiary Nevada Select Royalty Inc. it agreed to acquire from Platoro West another 25% interest in the Hog Ranch property in Nevada.
This transaction will boost Ely s net smelter returns royalty on Hog Ranch to 2.25% from 1.5% and increase its interest in the 247 mining claims there, currently leased to Rex Minerals, to 75.1%. Prior to this deal, Ely owned 50.01% of Hog Ranch, which it had purchased from Platoro West in 2017.
Ely Gold Royalties Inc.: Ely Gold Royalties Increases Royalty & Lease Interest in the Hog Ranch Property, Nevada
Vancouver, British Columbia (Newsfile Corp. - February 10, 2021) -
Ely Gold Royalties Inc. (
TSXV: ELY)
Ely Gold ), it has entered into a binding term sheet (the
Term Sheet ) to acquire an additional 25% interest in its Hog Ranch Property (
Hog Ranch ) located in Washoe County, Nevada from Platoro West Incorporated, a Nevada Corporation (
Platoro West ). The additional interest in Hog Ranch will increase Ely s current net smelter returns royalty ( NSR ) from 1.5% to 2.25% and its interest in the leased mining claims (the Lease ) to 75.1%.
Platoro West is wholly owned by William Sheriff, a director of the Company. Ely Gold purchased its current 50.1% Hog Ranch interest from Platoro West in 2017
Ely Gold Royalties Inc.: Ely Gold Royalties Options Spanish Moon Project, Nye County, Nevada
Vancouver, British Columbia (Newsfile Corp. - January 27, 2021) - Ely Gold Royalties Inc.
(TSXV: ELY) (OTCQX: ELYGF)
Nevada Select ), it has entered into an option agreement (the
Agreement ) with Navy Resources ( Spanish Moon or the
Property ) with Ely Gold retaining a 3% Net Smelter Royalty (
NSR ). The Spanish Moon Project is located approximately 13 km SE of the active Round Mountain mine that has produced over 15 million ounces of gold
(see Figure 1). Closing of the Agreement (the
Effective Date ) is subject to final approval of the TSX Venture Exchange (
Ely Gold Royalties Inc.: Ely Gold Royalties Announces Closing of Trenton Canyon Royalty Interest
Ely Gold Royalties Inc.
Ely Gold or the
Nevada Select ) has signed a definitive agreement to purchase from a private individual (the
Seller ), a 0.3% gross royalty, representing the Seller s 50% interest (the
Seller s Interest ) in a total 0.6% gross royalty (the
Trenton Canyon
Royalty ). The terms provided in the definitive agreements have been amended from the terms the Company announced in a press release dated October 13, 2020 (the
Amended
TSXV ) (the
The Amended Transaction
Ely Gold will pay the Seller total consideration of US$325,000 (originally $US$300,000) to be comprised of US$175,000 in cash at signing and US$150,000 in cash to be paid on January 15, 2021 (the