Flow Metals options 100% stake in 154 Yukon quartz claims for $180,000 payments
Reuters2026/08/06 18:11- FLOW Metals optioned a neighboring Sixtymile gold project in Yukon, seeking a 100% interest in 154 quartz claims.
- The option requires total payments of $180,000 through Aug. 7, 2030, payable in cash or 50% cash and 50% common shares.
- The vendor retains a 2.5% net smelter returns royalty; Flow can buy back 1% for $1.5 million before commercial production.
- Milestone payments include $100,000 or up to 1,000,000 shares tied to a 500,000-ounce inferred resource, and $50,000 or up to 500,000 shares after 2,500 meters of drilling.
- The acquisition expands the district land position to about 16,800 hectares, adding an epithermal exploration target alongside existing orogenic gold targets.
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