Flow Metals to Acquire Adjoing Project at Sixtymile
Executive Summary
- Flow Metals Corp. entered into a binding option agreement to acquire 100 % of the Sixtymile Valley copper‑gold‑molybdenum project in the Yukon for aggregate payments of $280,000 over four years.
- The transaction provides Flow Metals with a district‑scale foothold on a multi‑metal porphyry system and expands its exposure beyond orogenic gold into strategically important base metals.
- Upon exercise, the seller retains a 2 % net smelter return royalty (with an option for Flow Metals to repurchase 1 % for $1 M) and annual advance royalty payments of $10,000 until commercial production.
Key Details
- Option Agreement Payments:
- $5,000 within 7 business days of the effective date (Mar 31 2026)
- $5,000 at six months
- $10,000 on the first anniversary
- $40,000 on the second anniversary
- $60,000 on the third anniversary
-
$160,000 on the fourth anniversary – total $280,000.
-
Payment Flexibility: Each payment may be made entirely in cash or split 50 % cash / 50 % common shares of Flow Metals, subject to CSE rules and securities law. Shares issued will carry resale restrictions.
-
Royalty Terms:
- Optionor retains a 2 % net smelter return royalty on the project.
- Flow Metals may repurchase 1 % of this royalty for $1,000,000 under the agreement.
-
Annual advance royalty payments of $10,000 are required until commercial production; these amounts will be credited against any buy‑back price.
-
No Finder’s Fees: The transaction was completed without payment of finder’s fees.
-
Project Overview – Sixtymile Valley:
- Size: 4,300 ha adjoining property.
- Geology: Intact copper‑gold‑molybdenum porphyry system within the Late Cretaceous Prospector Mountain Suite; hosted in a pull‑apart basin along the Sixtymile‑Pika Fault.
-
Historical work: Shallow vein targets and historic drilling intersected long intervals of disseminated and stockwork mineralization; kilometre‑scale geochemical anomalies suggest a large preserved porphyry system.
-
Strategic Rationale: Expands Flow Metals’ district footprint, adds exposure to copper and molybdenum, and positions the company for modern geophysical surveys and deeper drilling on a multi‑metal target.
-
Qualified Person: Harley Slade, P.Geo., VP Exploration & Director, reviewed and approved all technical information per NI 43‑101.
Notable Quotes
“The acquisition of the new project increases the Company's district footprint while positioning Flow Metals with meaningful exposure to both gold and copper. Sixtymile presents a unique opportunity to unlock the lode source of 100 years of rich placer gold production,” – Scott Sheldon, CEO
All forward‑looking statements are subject to risks and uncertainties detailed in the release.