Net Smelter Return Royalty means the royalty granted by this Schedule B.

Net Smelter Return Royalty has the meaning set out in Schedule “B” annexed hereto and forming a part hereof;

Net Smelter Return Royalty means a defined percentage of the gross revenue from a resource extraction operation, less a proportionate share of transportation, insurance, and processing costs.

Examples of Net Smelter Return Royalty in a sentence

If either party becomes diluted to a 10% interest, that interest will be converted into a 2% Net Smelter Return Royalty.
Any mineral production on the project is subject to a 3% Net Smelter Return Royalty (the “NSR”) to the property owner, subject to the Company’s right to reduce the Royalty from 3% to 2% for $2,000,000 USD.
The property is subject to a 2% Net Smelter Return Royalty of which Callinex may purchase half for $1,000,000.
On September 20, 2017, the Company entered into a Property Purchase Agreement (the “PPA”), to acquire a 100% interest in 11 mineral claims totaling 620 hectares by issuing 90,000 Rokmaster common shares and a 2.5% Net Smelter Return Royalty (“NSR”) in favor of the arms-length seller.
The property is subject to a 2% Net Smelter Return Royalty, one half of which may be purchased for $1,000,000 subject to further TSX Venture Exchange review and acceptance.

More Definitions of Net Smelter Return Royalty

Net Smelter Return Royalty means a royalty payment made by a producer of metals, usually to a previous property owner or Governmental authority, based on the value of gross metal production from the property, less deduction of certain limited costs including smelting, refining, transportation and insurance costs.

Net Smelter Return Royalty means a royalty based on the gross proceeds received from the sale of minerals less the cost of smelting, refining, freight and other related costs.

Net Smelter Return Royalty shall have the meaning as set forth in Schedule B.

Net Smelter Return Royalty or “NSR” means the gross revenues as a payment realized from the disposition of product after deduction of limited deductions, such as cost incurred for sampling and assaying, transportation, insurance, treatment penalties, taxes on product or its disposition. A net smelter return is a share of the net revenues generated from the sale of metal produced by a mine;

Net Smelter Return Royalty means a royalty that may be payable to APM and/or a third party, as the case may be, each calendar quarter from the date that APM or the third party as the case may be becomes eligible to receive it, namely a royalty of 2% (two percent) of gross revenues received by Al Xxxxxx Mining from the sale of end products produced from mining activities over that part of the Exploration Area as specified in the BFS, (including but not limited to ore, concentrate and metal and mineral products of any kind derived from ore), after deduction of all of the following:

Net Smelter Return Royalty means the net smelter return royalty as defined in Schedule IV attached hereto.

Net Smelter Return Royalty means certain amounts calculated as provided in Exhibit C, which may be payable to a Participant under section 8.4 or 8.5.