Orogen Royalties agrees to sell Slaughterhouse project to Seabridge Gold for up to US$2.85 million
SA•Orogen Royalties agreed to sell its Slaughterhouse copper-gold project in Wyoming to Seabridge Gold for US$300,000 cash at closing and up to US$2.55 million in milestone payments. Orogen will retain royalties on the project and surrounding area.
1. Sale terms
Seabridge Gold agreed to buy Orogen Royalties’ Slaughterhouse copper-gold project in Wyoming for US$300,000 cash at closing, plus up to US$2.55 million tied to drilling, a resource estimate and commercial production. Orogen will retain a 2.5% net smelter return royalty on Slaughterhouse, with an option to sell 0.5% for US$5 million, and a 0.5% to 1% royalty over a 2,400-square-kilometer surrounding area of interest.
