Exploration and development company Palladium One Mining has entered into a binding letter of intent to buy back an existing 2% net smelter return (NSR) royalty in respect of the historic Haukiaho deposit of the palladium dominant, Läntinen Koillismaa platinum group elements (PGE)/nickel/copper project in Finland. “The historic Haukiaho deposit is now royalty free. Buying back the existing royalty on Haukiaho eliminates a dilutive overhang on the project while also providing future optionality,” Palladium One CEO and president said Derrick Weyrauch in a statement issued on Thursday.
