Japan Gold Announces Extension to Investment Agreement with OR Royalties for the Option to Purchase an Additional Net Smelter Return Royalty for US$3 million

Executive Summary

• Japan Gold Corp. granted OR Royalties Inc. a nine‑month extension (until 4 Nov 2026) to acquire an additional 0.5% net smelter return royalty on certain Japanese properties for US$3 million.
• The amendment allows Japan Gold to accelerate the deadline by 30 days if it enters a joint venture requiring a partner to invest at least C$5 million within six months of that JV’s execution.
• The original 1.5% royalty was previously purchased for US$5 million; this amendment increases the potential total royalty to 2%.

Key Details

• Extension Terms: OR Royalties may increase its royalty from 1.5% to 2% by paying US$3 M before 4 Nov 2026.
• Accelerated Deadline Clause: Japan Gold can trigger an earlier deadline (30‑day notice) if it signs a JV or similar agreement with a mid‑tier/major miner that obligates the partner to invest ≥ C$5 M in cash into Japan Gold or the royalty‑covered properties within six months of the JV execution.
• Original Agreement Reference: On 4 Feb 2025, OR Royalties acquired an initial 1.5% NSR for US$5 M.
• Regulatory Condition: The amendment is subject to approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)