BULLETIN V2026-2188
ORETERRA METALS CORP. ("OTMC")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 30, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an arms-length amending agreement (the "Agreement"), between Oreterra Metals Corp. (the "Company") and an arm's length party: Enduro Metals Corporation (the "Optionee"). Pursuant to the Agreement, the Optionee will have an option to acquire up to 50% of the 2% net smelter returns royalty interest (the "NSR") held by the Company in the Optionee's Newmont Lake Project (the "Property").
In order to exercise the option on the NSR, the Optionee must pay to the Company (i) $550,000 in cash over a period of two years (the "Term"), $250,000 of which may be payable in cash or common shares during the Term (at the Optionee's discretion); and (ii) issue 3,900,000 common shares.
Additionally, the Optionee may have to pay to the Company additional future consideration for an aggregate amount of $22,000,000 based on certain milestones.
Upon exercise of the option, the Company will retain a 1.0% NSR on the Property.
For further details, please refer to the Company's news releases dated April 27, 2026, May 29, 2026 and June 18, 2026.
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