Trevali (and predecessor Kria Resources) completed an option to acquire 100% of Ruttan and Bill 5025 claims subject to a combined 4% NSR royalty (2% NSRs held by two separate parties).
Acquisition terms included combined cash payments of $780,000 (paid) and 200,000 shares of Kria (issued). The work commitment on the property has been satisfied.
Half of each 2% NSR royalty can be purchased back by Trevali after payments of $2 million and $1.5 million respectively.