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White Pine North – Copperwood (Ag, Cu)

3% sliding-scale net smelter return (NSR) Royalty

  • Metal: Silver (Ag), Copper (Cu)
  • Operator: Highland Copper
  • Location: Michigan, USA
  • Status: Exploration


  • C$10 million secured loan in exchange for a 3% sliding-scale NSR royalty on all metals produced from the White Pine North project
  • Base rate 3% NSR and increases by 0.01% NSR for every $0.01 increase in the copper price above $3.00 per pound.
  • Option to purchase a 100% silver NSR royalty for future cash consideration of US$26 million on White Pine North and Copperwood projects
  • Feasibility study to be completed in 2015
  • New resource estimate for the Copperwood Project1
1. Visit the page Reserves and Resources fo full disclosure on reserves and resources