RE: Excellent article from the other board- a must read19 Feb 2026 22:45
Sorry, typo.
Details on the Century 30% (Thirty percent) holding.
1. Was amended April 2024 to include ALL MINERALS.
2. Century fully carried for all exploration, evaluation, drilling costs through to FID.
3. Once FID is reached, Century has three choices: a) pay 30% of development costs, b) be diluted by their share of unfunded development costs. oe C) sell their 30% to Empire or a third party.
4. If Century does sell to a third party, that party would face same choices of paying 30% of development costs or being diluted by the development spend.