PPX Mining Corp. is pleased to announce the signing of a definitive silver royalty agreement with Silver Crown
Royalties Inc. last Friday December 13, 2024. The Agreement contemplates the sale of a royalty for up to 15% of the cash equivalent of silver produced from PPX's Mina Callanquitas at its Igor 4 mining concession, located in La Libertad, Peru , less customary deductions, for aggregate proceeds of US$ 2,470,000. The first tranche of US$ 1,000,000 is to be paid on closing , which is expected to occur in early 2025, with the second tranche of US$1,470,000 to be paid within six months of Closing. Upon Closing, SCRi will be granted a Royalty for 6% of the cash equivalent of silver produced from the Project, which will automatically be increased to 15% upon co...