The JV Group signed a definitive agreement to acquire North Bay Resources' Fraser River Platinum Project from North Bay Resources Inc. (OTCPK:NBRI) on February 7, 2022. Under the terms of the deal, North Bay will retain a 10% interest in the property going forward and will be due a 10% Net Smelter Royalty for all annual revenue from metal recovery in excess of the first CAD 10,000 per year.