ACG Metals Ltd (LSE:ACG, OTC:ACGAF) has announced that its subsidiary Polimetal has secured a 2% net smelter return (NSR) royalty over a mining licence in the Çamardı District of Niğde Province, Türkiye.
The royalty interest stems from a 2012 agreement, in which Polimetal transferred the licence to Kenz for US$150,000 and exploration commitments, while retaining the option to acquire the NSR.
It gives Polimetal rights to 2% of gross revenues from all mineral sales, net of standard deductions.
ACG highlighted that the royalty structure provides future cash flow without direct investment or operational responsibilities.