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Atalaya buys out royalty agreement with equity

Posted by: Admin | Posted on: April 13th, 2018 | 0 Comments

The royalty agreement was signed in July 2012 with Rumbo, who formerly owned the land used by Proyecto Riotinto in Andalucía, Spain, entitling it to a royalty payment of up to $250,000 per quarter if the average copper sales price or LME price for the period was equal to or above $2.60 per pound ($5,732 per tonne) for ten years up to a maximum amount of $10 million.

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