Riverside Resources options Revel rare earths project to private BC firm for $450,000, retains 3% NSR

Reuters2026/08/24 12:02

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Riverside Resources entered a five-year option to sell 100% of its Revel rare earth project in British Columbia to a private optionee.
Deal terms call for CAD 450,000 in cash payments to earn the interest, starting with CAD 40,000 on signing.
Optionee must also fund up to CAD 2.2 million of exploration spending over the option period to complete the earn-in.
Riverside would retain a 3% net smelter returns royalty if the option is exercised; the project reverts if unmet.
Royalty includes buydown rights: 0.5% for USD 1 million before Jan. 1, 2033; another 1% for USD 2 million before Jan. 1, 2035.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Riverside Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608240800PRIMZONECNPR____9814643) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Riverside Resources options Revel rare earths project to private BC firm for $450,000, retains 3% NSR

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