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Jourdan Grants 2% Net Smelter Earnings Royalty, The Canadian Business Journal

TORONTO, September 14, 2022 (GLOBE NEWSWIRE) — JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF; FRA:2JR1) (“Jordan” or “Company”) is a net smelter return royalty agreement (“royalty agreement”) an independent third party (“Owner”), pursuant to which the Corporation pays net smelter royalties (“royalty”) at a fixed rate of 2% of the smelter’s net revenues. In consideration, the holders agreed to pay Jourdan a cash payment totaling C$1 million. CAD 500,000 will be paid within 30 days of the contract date, and the remaining CAD 500,000 will be paid in equal installments of CAD 100,000 every three months beginning January 2nd. , 2023.

About Jordan Resources
Jourdan Resources Inc. is a Canadian junior mining and exploration company trading under the symbol “JOR” on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company focuses on the acquisition, exploration, production and development of mining assets. Our properties are located in Quebec, Canada, primarily in the spodumene-bearing pegmatites of La Corne Batholis, around the North American Lithium production Quebec Lithium Mine.

For more information:
Rene Balti Chief Executive Officer and President
Email: [email protected]
Phone: (416) 861-5800
www.jourdaninc.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN TSX VENTURE EXCHANGE POLICY) ASSUME ANY RESPONSIBILITY OR ACCURACY FOR THIS RELEASE.


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Jourdan Grants 2% Net Smelter Earnings Royalty, The Canadian Business Journal

Source link Jourdan Grants 2% Net Smelter Earnings Royalty, The Canadian Business Journal

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