on PPX Mining Corp (CVE:PPX)
PPX Mining Corp. Updates Silver Royalty Agreement with Payment Amendments
PPX Mining Corp. has announced amendments to its Silver Royalty Agreement with Silver Crown Royalties Inc. The agreement's second tranche price of US$1,470,000, initially due by August 6, 2025, is now split, extending the payment timeline. SCR has paid US$833,000, with the remaining US$637,000 due by December 31, 2025. These funds will aid PPX's ongoing construction at their Igor project in Peru.
Consequently, SCR's entitlement to the royalty percentage and total payable ounces under the agreement has increased. Upon the second payment, the royalty will further increase to 15%, with a total of 225,000 silver ounces.
The amendments also extend the minimum silver royalty commencement date to March 31, 2026.
R. H.
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