Riverside Resources Options Cecilia Project in Mexico to Calu

Bitget2026/10/20 12:14

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Riverside Resources signed an option agreement October 20, 2026, granting Calu rights to acquire 100% of Cecilia in Sonora, Mexico.
The five-year earn-in requires CAD 1.2 million in cash or share payments and CAD 6.65 million in exploration spending.
Calu paid the initial CAD 50,000; at least CAD 150,000 in first-year exploration spending is also a firm commitment.
Ravena will operate exploration for a 10% management fee; an existing 2% net smelter returns royalty remains with a Riverside subsidiary.
Upon exercise, Ravena receives another 0.5% net smelter returns royalty, purchasable for USD 1.5 million before January 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 on October 20, 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 Cecilia Project in Mexico to Calu

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