Shares, Royalties, and Payments

Over the years, Millrock has generated numerous projects that it has optioned to quality partners to advance and explore. With each of the projects, Millrock retains a royalty interest and is entitled to milestone payments. Below is a high-level summary of these payments, royalties, and other assets.

Shares:

ArcWest Exploration (TSXV:  AWX): 9,623,417 shares
Riverside Resources (TSXV: RRS): 180,000 shares

 

Royalties and Payments:

Alaska Range Project (gold, Alaska)

Production Royalty (all figures in USD): 1.0% NSR

Advanced Minimum Royalty Payment (AMR) Payment Schedule:

  • $20,000 March 31, 2019

  • $25,000 March 31, 2020

  • $30,000 March 31, 2021

  • And continued annually, increased by $5,000 each year until the 5th anniversary of the commencement of commercial production.

Milestone Payment (all figures in USD):

Gold: If Payor or its successors or assigns establishes an Indicated Resource of one million ounces of gold within the Property at any time on or before December 31, 2032, Payor will pay to the order of Payee the sum of $1,000,000.

Copper or Copper Equivalent: If Payor or its successors or assigns establishes an Indicated Resource of one million tonnes of contained copper or copper equivalent within the Property at any time on or before December 31, 2032, Payor will pay to the order of Payee the sum of $2,000,000.

Todd Creek (porphyry, VMS, epithermal, BC): 

2% (1.5% on certain portions) buyable down to 1% for $1 million.

Oweegee Dome (porphyry, BC):

2% (1.5% on certain portions) buyable down to 1% for $1 million.

Willoughby (high grade gold silver vein and skarn, BC):

2% with 1% buyable to 1% for $1 million. 

Los Cuarentas (low sulfidation epithermal gold / silver, Mexico):

0.5% NSR payable by Riverside Resources.

La Union (orogenic gold, Mexico):

0.5% NSR payable by Riverside Resources.

El Valle (epithermal vein hosted gold, Mexico)

0.5% NSR payable by Riverside Resources.

El Pima (gold, Mexico)

0.5% NSR payable by Riverside Resources.

Violeta (gold, Mexico)

0.5% NSR payable by Riverside Resources.