
Rokmaster Options Undrilled Porphyry Copper Target in Northern Chile
Newsfile Corp
Published: Jul 27, 2026, 04:00 PM GMT+9
Sentiment Analysis
Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) (" Rokmaster " or "the Company ") is pleased to announce that it has entered into an option agreement (the "Option Agreement" ) with Patrick James Burns (the "Optionor" ), pursuant to which the Optionor has granted the Company an exclusive option to acquire 100% of the right, title and interest in and to the Cristal Property (the "Property" ), comprising three contiguous exploitation mineral concessions located along the West Fissure, north of the Collahuasi/Ujina porphyry copper district in Northern Chile. Transaction Highlights Exclusive option to acquire 100% interest in the Property, comprising approximately 9 km² of contiguous exploitation mineral concessions in Northern Chile covering an undrilled series of geophysical anomalies indicating potential buried major porphyry system(s) Total consideration of 21,000,000 common shares of Rokmaster, issuable over 36 months (the " Consideration Shares ") and US$70,000 in cash. Upon exercise of the option, a 2.5% net smelter returns royalty (the " NSR Royalty ") will be granted to the Optionor, subject to partial buy-back rights. The transaction is subject to acceptance by the TSX Venture Exchange (the " TSXV "). Option Agreement Pursuant to the Option Agreement, the Optionor has granted the Company an exclusive option to acquire 100% of the right, title and interest in and to the Property and the associated property rights (the " Option "). The Option Period is 36 months from the date of the Option Agreement. The Company may exercise the Option by completing all of the following payments: 7,000,000 common shares of Rokmaster (the " Initial Shares ") and US$70,000 in cash, to be issued and paid upon acceptance of the Option Agreement by the TSXV (" TSXV Approval "); an additional 7,000,000 common shares of Rokmaster within 24 months of the date of the Option Agreement; and an additional 7,000,000 common shares of Rokmaster within 36 months of the date of the Option Agreement. The Option Agreement is an arm's length transaction. Closing is subject to TSXV Approval and customary closing conditions. Completion of the transactions contemplated by the Option Agreement, including the issuance of the Consideration Shares, remains subject to acceptance by the TSXV. The Consideration Shares, when issued, will be subject to applicable resale restrictions under Canadian securities laws and the policies of the TSXV. The Option Agreement also establishes an area of common interest of 2 km from the outermost boundary of the Property, pursuant to which each party has agreed to notify the other of any mineral property interest acquired within such area during the Option Period. NSR Royalty Upon exercise of the Option, the Company will grant the Optionor a 2.5% NSR Royalty over the Property. NSR Royalty payments will become due from the commencement of commercial production on the Property. The Company will retain the following buy-back rights in respect of the NSR Royalty: within 12 months following the commencement of commercial production, the Company may repurchase 1% of the NSR Royalty (representing 40% of the total NSR Royalty) for US$1,000,000, subject to adjustment according to Consumer Price Index (" CPI ") variation from the date of the Option Agreement (the " First Buy-Back Option "); and within 24 months following the exercise of the First Buy-Back Option, the Company may repurchase an additional 1% of the NSR Royalty (representing 2/3 of the then-remaining NSR Royalty) for US$1,000,000, subject to adjustment according to CPI variation from the date of the Option Agreement (the "Second Buy-Back Option"). The remaining 0.5% NSR Royalty interest is not subject to any repurchase right. Property Overview The Cristal Project comprises three contiguous mineral concessions located in the western Andes of northern Chile, approximately 10 km south of the Peruvian...
Source: Newsfile Corp
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