News was released at 8:30AM Toronto time.
https://web.tmxmoney.com/article.php?newsid=7111158051216607&qm_symbol=GEMC
The GEMC release is worth reading, here's an interesting bit:
Given Hammer's technical and jurisdictional expertise, it will remain as operator of the Property until at least the first anniversary of the date of the Definitive Agreement, with such engagement to be reviewed and renewed on an annual basis thereafter. Hammer shall receive an operator's fee of 10% of the expenditures carried out on the Property.
Not a royalty, but a little more than chump change.
OV
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