Jourdan Grants 2% Net Smelter Return Royalty
Jourdan Grants 2% Net Smelter Return Royalty
TORONTO, Sept. 14, 2022 -- JOURDAN RESOURCES INC. (TSXV: JOR; OTCQB: JORFF; FRA:2JR1) (“ Jourdan” or the
“Company“) is pleased to announce that it has entered into a net smelter return royalty agreement (the “ Royalty
Agreement ”) with an arm’s length third party (“Holder”), pursuant to which the Corporation has agreed to pay, beginning on
the date on which any portion of Jourdan’s Vallée property comes into commercial production, to the Holder, a net smelter
royalty (the “Royalty”) at a fixed rate of 2% of the net smelter return. As consideration, the Holder has agreed to pay Jourdan
an aggregate cash payment of C$1 million, with C$500,000 payable within 30 days from the date of the agreement and the
remaining C$500,000 payable in equal tranches of C$100,000 every three months commencing January 2, 2023.
About Jourdan Resources Inc.
Jourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol “JOR” on the TSX Venture
Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production,
and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing
pegmatites of the La Corne Batholith, around North American Lithium’s producing Quebec Lithium Mine.
For more information:
Rene Bharti, Chief Executive Officer and President
Email: [email protected]
Phone: (416) 861-5800
www.jourdaninc.com
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