VANCOUVER, BC, May 13, 2024 /CNW/ - Filo Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) ("Filo", or the "Company") announces that notice has been provided by NGEx Minerals Ltd. ("NGEx") and Lundin Mining Corporation ("Lundin Mining") to jointly buy-back two thirds of the existing 3% Net Smelter Royalty ("NSR") attached to three mineral claims (Nacimiento 1, Nacimiento 2, and Vicuña 4) in San Juan Province, Argentina which cover NGEx's Lunahuasi and Lundin Mining's Cumbre Verde copper-gold-silver projects. In consideration for the joint repurchase, Filo will receive $2M cash consideration, and following the closing of the transaction, Filo retains a 1% NSR over the claims. View PDF
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