Orogen Royalties agrees to sell Slaughterhouse copper-gold project to Seabridge Gold for US$300,000 plus up to US$2.55 million
SA•Orogen Royalties agreed to sell its 100% interest in the Slaughterhouse copper-gold project in Wyoming to Seabridge Gold for US$300,000 at closing and up to US$2.55 million in milestone payments. Orogen will retain royalties on the project and a surrounding area of interest.
1. Sale terms
Orogen Royalties signed an agreement to sell the project, with milestone payments tied to drilling, a resource estimate and production. It will retain a 2.5% net smelter return royalty on Slaughterhouse, with an option to buy down 0.5% for US$5 million, and a 0.5%-1% royalty on a 2,400-square-kilometre area of interest, subject to conditions.
