Property Option Agreement definition
Examples of Property Option Agreement in a sentence
Property Option Agreement Azimut Exploration Inc & Northwestern Mineral Ventures Inc.
Pursuant to an amended and restated Mineral Property Option Agreement, dated August 30, 1998, the Company has the option to reduce the GOR and NSR interests to 2.25% and 2%, respectively, and eliminate entirely the NPI by completing certain share issuances and cash payments to the original property owner within 90 days of a production decision.
On May 11, 2016, the Company entered into the Silver Dollar Property Option Agreement (the “Option Agreement”) with Explorex Resources Inc.
Under the terms of the Welsh Property Option Agreement dated July 17, 2006, the Company can earn a 100% interest in the property.
On August 20, 2020, the Company entered into a Property Option Agreement (“Agreement”) with an arms’ length vendor to acquire 100% interest in the Ranger Lake Gold Project in the Property of Quebec.