Royalty Agreements


Cornish Metals Inc.

Through its strategic alliance with Osisko Gold Royalties, Cornish Metals acquired royalties in the Cantung (1%) and Mactung (4%) tungsten properties located in Yukon and Northwest Territories, Canada.

Osisko Gold Royalties

On August 30, 2017, Cornish Metals announced it agreed to sell a 1.5% Net Smelter Returns royalty to Osisko Gold Royalties Ltd. (TSX-OR) on all metals and minerals produced from the South Crofty tin project in Cornwall, UK, for $7.17 million. On February 22, 2021, Cornish Metals announced Osisko had converted its C$7.17 million senior secured convertible note into a 1.5% Net Smelter Return royalty with respect to the South Crofty tin project and a 0.5% NSR royalty on other mineral rights held by the Cornish Metals in Cornwall.

Electric Royalties Ltd.

On March 9, 2022, Cornish Metals announced that it has reached an agreement, through a wholly-owned subsidiary of the Company, to sell a 1% Net Smelter Returns Royalty (NSR) on its Sleitat tin-silver project in Alaska to Electric Royalties Ltd. (TSX-V:ELEC / OTCQB:ELECF) for the following consideration:

  • 1,000,000 common shares of Electric Royalties Ltd (“Consideration Shares”)
  • CDN$100,000 cash

Upon issuance at closing of the transaction, the Consideration Shares will be subject to a voluntary lock-up agreement whereby 50% of the Consideration Shares will be subject to a six month hold period and the balance subject to a one year hold period. The completion of the transaction noted herein is subject to completion of due diligence, approval of the TSX Venture Exchange and other customary conditions.

Subscribe to our Email List

We use MailChimp as our marketing automation platform. By clicking below to submit this form, you acknowledge that the information you provide will be transferred to MailChimp for processing in accordance with their Privacy Policy and Terms.



©2022Cornish Metals Inc.
All rights reserved.
Disclaimer