Orosur Mining Inc. entered into a non-binding letter of intent to acquire the remaining 51% stake in Anzá Project in Colombia from Newmont Corporation and Agnico Eagle Mines Limited for $15 million.

Orosur Mining Inc. (TSXV:OMI) entered into a non-binding letter of intent to acquire the remaining 51% stake in Anzá Project in Colombia from Newmont Corporation (NYSE:NEM) and Agnico Eagle Mines Limited (NYSE:AEM) for $15 million on March 22, 2024. The consideration consists of cash payments of up to $15 million and a net smelter return royalty of 1.5%. The transaction is subject to several conditions, including but not limited to, the negotiation of definitive documentation and the completion of due diligence, the Company expects that the transaction can be completed as early as the end of April 2024.

SP Angel Corporate Finance LLP acted as Financial Advisor to Orosur Mining Inc.