trending Market Intelligence /marketintelligence/en/news-insights/trending/NOO5Fi7g4yLM4QhzKdshdA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Ely Gold options Butte Valley copper project to Quaterra unit

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019


Ely Gold options Butte Valley copper project to Quaterra unit

Ely Gold Royalties Inc. and its subsidiary Nevada Select Royalty Inc. inked a definitive option agreement for the sale of its Butte Valley copper-gold project in Nevada to Quaterra Resources Inc.'s subsidiary Six Mile Mining Company.

The project consists of 78 unpatented mining claims.

Under the deal, Quaterra has to pay a total of US$250,000 in cash payments, and Nevada Select will retain a 2% net smelter returns royalty on the claims. Quaterra may buy 1% of the NSR for US$10.0 million at any time within 10 years of the effective date.

Meanwhile, Quaterra also signed a lease agreement with a Nevada prospecting syndicate, giving it the option to purchase 600 additional unpatented claims to consolidate the Butte Valley District.