SLAM retains a 2% NSR royalty on Ramsay Cobalt property subject to buy-down of 1% NSR for $1M. Property sold in 2018 for an initial payment of $50,000 and 500,000 shares by Agreement with International Cobalt (“Cobalt” on CSE: CO). Cobalt can earn 100% interest in the Ramsay Cobalt Property in return for additional $450,000 in cash and 2,000,000 in share payments over a 2 year period.
Gold plant was sold for 1,100,000 shares of Great Atlantic Resources.
SLAM retains a 1% NSR royalty on Coulee claim that Osisko may purchase for $750,000. Coulee claim sold to Osisko Metals Inc. for a cash payment of $100,000 in 2017.
SLAM owns 1% NSR royalty on the Superjack and Nash projects. Callinex can buy 0.5% NSR for $500,000. Royalty increase by 0.25% NSR when zinc above US $1.25 per pound. Additional 0.25% NSR when zinc rises above US $1.50 per pound. SLAM to receive $25,000 in cash or shares plus 250,000 shares in May 2019.