01:00 PM EDT, 10/21/2024 (MT Newswires) -- QC Copper and Gold ( QCCUF ) on Monday said it signed an arm's length agreement to acquire the remaining 50% ownership interest in the Roger Gold-Copper Project in Quebec, from SOQUEM, a subsidiary of Investissement Quebec.

Roger has a 43-101-compliant resource estimate showing 535,000 ounces gold equivalent @ 0.95 gold-equivalent grams per tonne

To exercise the option, QC Copper must make an initial cash payment of $75,000 and issue 1.6-million in shares to SOQUEM over four years.

At closing, the vendor will also receive a 2% net smelter return royalty on the Roger property which includes buy-back rights for QC Copper.

QC Copper was last seen unchanged at $0.12 on the TSX Venture Exchange.