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Riverside Resources Options Cecilia Project in Mexico to Calu

PUBT·10/20/2026 12:04:54
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Riverside Resources Options Cecilia Project in Mexico to Calu
  • Riverside Resources agreed to option its Cecilia project in Sonora, Mexico, to Calu Resources through subsidiary Ravena Resources.
  • Calu can earn 100% over five years with CAD 1.2 million in payments and CAD 6.65 million in exploration spending.
  • Calu paid CAD 50,000 upfront; at least CAD 150,000 in first-year exploration spending is also a firm commitment.
  • Riverside retains a 2% net smelter returns royalty; Ravena will receive an additional 0.5% royalty upon exercise.
  • Calu can buy Ravena’s entire 0.5% royalty for USD 1.5 million before January 1, 2035.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Riverside Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610200800PRIMZONECNPR____9848940) on October 20, 2026, and is solely responsible for the information contained therein.