10:52 AM EST, 11/12/2024 (MT Newswires) -- Equity Metals ( EQMEF ) was at last look edging down on Tuesday as it inked a deal with Origen Resources to earn a 100% interest in the Arlington gold property, comprised of nine claims located within the Boundary District of south-central British Columbia.

Equity must make cash payments of $130,000, incur exploration expenditures of $250,000, and issue $200,000 worth of shares within seven days of regulatory approval. Equity must also issue additional shares on the first anniversary.

Origen will retain a royalty of 2% of net smelter returns, which includes buyback rights for Equity.

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