DNI Metals\' Gold Mining Royalties from Kiewit Gold Project
Post# of 119
Posted On: 06/02/2016 3:44:01 PM
DNI Metals' Gold Mining Royalties from Kiewit Gold Project
An additional source of cash flow for the company.
This consists of the Company’s interest in the net smelter return royalty in the Clifton-Gold Hill and Cane Springs property, located in Tooele County, Utah. In March 2009, DNI divested its interest in the Clifton-Gold Hill Properties and its 50% earned interest in the Cane Springs Property. On July 15, 2009, DNI sold of all of its rights and interests in these properties to Clifton Mining Company for US $255,000 and a 0.5% net smelter return royalty against future production proceeds from certain claims and the Cane Springs Property.
http://dnimetals.com/other-assets/
An additional source of cash flow for the company.
Quote:
Pursuant to an agreement signed between DNI Metals Inc. and Clifton Mining Company, a 0.5% royalty shall be paid to DNI from the sale of product at the Kiewit Gold Project, Utah.
This consists of the Company’s interest in the net smelter return royalty in the Clifton-Gold Hill and Cane Springs property, located in Tooele County, Utah. In March 2009, DNI divested its interest in the Clifton-Gold Hill Properties and its 50% earned interest in the Cane Springs Property. On July 15, 2009, DNI sold of all of its rights and interests in these properties to Clifton Mining Company for US $255,000 and a 0.5% net smelter return royalty against future production proceeds from certain claims and the Cane Springs Property.
http://dnimetals.com/other-assets/
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