TSX-V: EVM    $0.32


Show printable version of 'Cumobabi Royalty' in a New Window

Mexican Base and Precious Metals

Cumobabi Royalty

Evrim has signed a five-year agreement with First Majestic Silver Corp. whereby First Majestic can earn a 100% interest in Cumobabi by paying US$75,000 upon signing the Agreement and US$50,000 each anniversary thereafter, completing a minimum of US$500,000 in exploration expenditures by the second anniversary, and delivering a Production Notice specifying mine and construction plans with accompanying permits.

Upon vesting, First Majestic will no longer be required to make the annual payments and Evrim will retain a 1.5% Net Smelter Royalty ("NSR").