Seabridge Gold To Explore Wyoming for Gold and Critical Minerals
Seabridge Gold agreed to acquire 100% of the Slaughterhouse Project in southern Wyoming from Orogen Royalties for US$300,000 upfront plus up to US$2.55 million in milestone payments. The deal includes 163 mining claims and historical exploration data targeting hematite iron oxide copper-gold (IOCG) systems similar to Olympic Dam and Prominent Hill, with potential gold and critical-minerals co-products. Orogen retains a 2.5% NSR royalty (subject to partial buy down) plus 0.5%-1% NSR in an area of mutual interest.
Key figures
- Deal Value Usd
- US$300,000 upfront plus up to US$2.55 million in milestone payments
- Mining claims
- 163
- Nsr royalty retained
- 2.5% NSR (subject to partial buy down) plus 0.5%-1% NSR within area of mutual interest
AI analysis
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