Industria
Net Smelter Return Agreement Signed between Kenz Madencilik and Polimetal
The NSR agreement signed with Kenz Madencilik entitles Polimetal to receive 2% of gross revenues from all mineral sales, net of standard deductions, for the full operational life of the project. The license area is currently the focus of exploration activities targeting precious metals and other mineralisation.
This structure provides ACG with future cash flow exposure without direct exploration investment or operational involvement.
The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.
For further information please contact:
Conal Walsh / James Gilheany /
Kelsey Traynor / Richard Seed
acg@palatine-media.com
William Dalby +44 (0) 20 3753 3243
Richard Hatch +44 (0) 20 3753 3070
Jennifer Lee
+44 (0) 20 3207 7800
Tim Huff +44 (0) 20 7523 8374
James Asensio / Charlie Hammond
+ 44 (0) 20 7523 80
Ashton Clanfield /
Varun Talwar
+44 (0) 20 7710 7600
Puneet Singh +1 (416) 350-8153
ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.
In September 2024 , ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe sold 57koz of AuEq in 2024.
ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance.
LON: ACG | OTCQX: ACGAF | LON: ACGW | Xetra: ACG | Bond ISIN: NO0013414565
For more information about ACG, please visit: www.acgmetals.com
View original content:https://www.prnewswire.co.uk/news-releases/net-smelter-return-agreement-signed-between-kenz-madencilik-and-polimetal-302579668.html