Olympio Metals, a mining company, is selling some of its land in Australia! They're focusing on a new project in Canada instead. This is a big change for the company.
- Olympio sold land called "tenements" in Australia.
- A company called Clutch Group is buying them.
- Olympio will get money now and more later if Clutch finds valuable things.
| Fact | Amount |
|---|---|
| Upfront payment to Olympio | $25,000 |
| Clutch's total exploration spending | $80,000 |
| Total option fee if Clutch buys | $150,000 |
| Potential extra payment (gold found) | $100,000 |
| Another potential extra payment (mining decision) | $100,000 |
