Globex Mining Enterprises (GMX.TO) has granted Australia-based Evion Group an option to acquire the Carp fluorspar property in Nevada, Globex said Wednesday.
Under the terms, Evion would pay US$1.645 million in cash payments, US$2.0 million in shares, and complete $3.75 million in work expenditures over four years to earn a 100% interest in the property.
Globex will retain a 3% gross metal royalty (with no buy down) on the property, including a 10-mile area of influence upon which the royalty will apply.