Net Smelter Return Agreement Signed between Kenz Madencilik and Polimetal
ACG Metals (OTC:ACGAF) announced that subsidiary Polimetal has secured a 2% Net Smelter Return (NSR) royalty over a mining licence area in Niğde Province, Çamardı District, Türkiye, effective from an agreement dated Oct 9, 2025.
The NSR originates from a 2012 joint operation and option agreement with Kenz Madencilik, where Kenz received USD 150,000 and committed to exploration expenditures while Polimetal retained an option to acquire the NSR. The signed NSR entitles Polimetal to 2% of gross mineral sale revenues, net of standard deductions, for the full operational life of the project. The licence is currently under exploration for precious metals and other mineralisation, giving ACG exposure to future cash flows without direct exploration or operational costs.
ACG Metals (OTC:ACGAF) ha annunciato che la controllata Polimetal ha assicurato una royalty 2% Net Smelter Return (NSR) su un'area di licenza mineraria nella provincia di Niğde, distretto di Çamardı, Türkiye, efficace dalla data dell'accordo del 9 ottobre 2025.
La NSR deriva da un accordo di operazione congiunta e opzione del 2012 con Kenz Madencilik, dove Kenz ha ricevuto USD 150,000 e si è impegnata a spese di esplorazione, mentre Polimetal ha conservato l'opzione di acquisire la NSR. L'NSR firmata dà a Polimetal diritto al 2% delle entrate lorde di vendita dei minerali, al netto delle detrazioni standard, per l'intera vita operativa del progetto. La licenza è attualmente oggetto di esplorazione per metalli preziosi e altre mineralizzazioni, offrendo ad ACG esposizione a flussi di cassa futuri senza costi diretti di esplorazione o operativi.
ACG Metals (OTC:ACGAF) anunció que la filial Polimetal ha asegurado una regalía del 2% Net Smelter Return (NSR) sobre una área de licencia minera en la provincia de Niğde, distrito de Çamardı, Türkiye, con efecto desde un acuerdo fechado el 9 de octubre de 2025.
La NSR se origina a partir de un acuerdo de operación conjunta y opción de 2012 con Kenz Madencilik, donde Kenz recibió USD 150,000 y se comprometió a gastos de exploración, mientras Polimetal retuvo la opción de adquirir la NSR. La NSR firmada otorga a Polimetal el derecho a 2% de los ingresos brutos por ventas de minerales, nets de deducciones estándar, durante toda la vida operativa del proyecto. La licencia está actualmente en exploración de metales preciosos y otras mineralizaciones, dando a ACG exposición a futuros flujos de efectivo sin costos directos de exploración u operación.
ACG Metals (OTC:ACGAF)은 자회사 Polimetal이 Türkiye 니에메드 주, Çamardı 구역의 광업 면허 지역에 대해 2% 순 제련 수익(NSR) 로열티를 확보했다고 발표했습니다. 이 로열티는 2025년 10월 9일 날짜의 계약에서 효력을 발생합니다.
NSR은 2012년 공동 운용 및 옵션 계약에서 비롯되며, Kenz Madencilik이 USD 150,000를 받고 탐사 비용을 약속했고 Polimetal은 NSR 취득 옵션을 보유했습니다. 서명된 NSR은 Polimetal에게 프로젝트의 전 운영 수명 동안 표준 차감액을 뺀 매출 총수익의 2%를 부여합니다. 면허권은 현재 귀금속과 기타 광물화에 대한 탐사를 진행 중이며, ACG에 직접 탐사 비용이나 운영 비용 없이 향후 현금 흐름에 대한 노출을 제공합니다.
ACG Metals (OTC:ACGAF) a annoncé que sa filiale Polimetal a obtenu une royauté de 2% de Net Smelter Return (NSR) sur une zone de licence minière dans la province de Niğde, district de Çamardı, Türkiye, à compter d'un accord daté du 9 octobre 2025.
La NSR provient d'un accord d'opération conjointe et d'option de 2012 avec Kenz Madencilik, où Kenz a reçu USD 150 000 et s'est engagé à des dépenses d'exploration, tandis que Polimetal conservait une option pour acquérir la NSR. La NSR signée donne à Polimetal le droit à 2% des revenus bruts des ventes de minéraux, nets des déductions standard, pendant toute la durée opérationnelle du projet. La licence est actuellement en exploration pour des métaux précieux et d'autres minéralisations, offrant à ACG une exposition à des flux de trésorerie futurs sans coûts directs d'exploration ou d'exploitation.
ACG Metals (OTC:ACGAF) gab bekannt, dass die Tochtergesellschaft Polimetal eine Royalty von 2% Net Smelter Return (NSR) auf eine Bergbaulizenzfläche in der Provinz Niğde, Bezirk Çamardı, Türkiye, erhalten hat, wirksam ab dem am 9. Oktober 2025 datierten Vertrag.
Die NSR geht aus einer 2012er Joint Operation und Optionsvereinbarung mit Kenz Madencilik hervor, bei der Kenz USD 150,000 erhielt und sich zu Explorationsausgaben verpflichtet hat, während Polimetal eine Option zum Erwerb der NSR behielt. Die unterzeichnete NSR berechtigt Polimetal zu 2% des Bruttomineralveräußerungserlöses, abzüglich Standardabzüge, über die gesamte betriebliche Lebensdauer des Projekts. Die Lizenz wird derzeit auf Edelmetalle und andere Mineralisierungen hin erforscht, was ACG eine Exposition gegenüber zukünftigen Cashflows ermöglicht, ohne direkte Explorations- oder Betriebskosten.
ACG Metals (OTC:ACGAF) أعلنت أن الشركة التابعة Polimetal قد أمنت امتيازاً بمعدل 2% من Net Smelter Return (NSR) على منطقة ترخيص منجم في مقاطعة نيغدي، مقاطعة تشاماردي، تركيا، ساري المفعول اعتباراً من اتفاق بتاريخ 9 أكتوبر 2025.
تنشأ NSR من اتفاق تشغيل مشترك وخيار عقد في 2012 مع Kenz Madencilik، حيث تلقى Kenz USD 150,000 والتزم بنفقات الاستكشاف بينما احتفظت Polimetal بخيار امتلاك NSR. تمنح NSR الموقعة لـ Polimetal الحق في 2% من عائدات بيع المعادن الإجمالية، صافية من الخصومات القياسية، طوال العمر التشغيلي للمشروع. الرخصة حالياً قيد الاستكشاف للمعادن الثمينة وتكوينات معدنية أخرى، مما يمنح ACG تعرّضاً لإيرادات نقدية مستقبلية دون تكاليف استكشاف أو تشغيل مباشرة.
ACG Metals (OTC:ACGAF) 公布，其子公司 Polimetal 已获得对位于 Türkiye Niğde 省 Çamardı 区的一个矿业许可证区的 2% 净冶炼回报（NSR） 特许权，该特许权自 2025 年 10 月 9日的协议生效起生效。
NSR 源自与 Kenz Madencilik 2012 年的联合运营及期权协议，其中 Kenz 收取了 USD 150,000，并承诺进行勘探支出，而 Polimetal 保留获得 NSR 的期权。签署的 NSR 赋予 Polimetal 在项目的全部运营寿命内，按照标准扣除项后，获得 矿石销售毛收入的 2% 的权利。该许可证当前在进行贵金属及其他矿化的勘探，这为 ACG 提供未来现金流的敞口，而无需直接勘探或运营成本。
- Secured a binding 2% NSR royalty on the Niğde licence
- Future cash flow exposure without direct exploration or operating capital
- Licence remains in exploration stage, so no guaranteed near-term revenue
- Original transfer consideration was USD 150,000, indicating limited upfront cash realization
This NSR interest originates from a joint operation and option agreement executed in 2012 between Polimetal and Kenz Madencilik ("Kenz Madencilik"), under which the license was transferred to Kenz in exchange for a cash consideration of
The NSR agreement signed with Kenz Madencilik entitles Polimetal to receive
This structure provides ACG with future cash flow exposure without direct exploration investment or operational involvement.
The person responsible for the release of this information on behalf of the Company is Artem Volynets, Chief Executive Officer.
For further information please contact:
Palatine
Communications Advisor
Conal Walsh / James Gilheany/ Kelsey Traynor/ Richard Seed
acg@palatine-media.com
Berenberg
Research Analysts
William Dalby +44 (0) 20 3753 3243
Richard Hatch +44 (0) 20 3753 3070
Joint Broker
Jennifer Lee
+44 (0) 20 3207 7800
Canaccord
Research Analysts
Tim Huff +44 (0) 20 7523 8374
Joint Broker
James Asensio / Charlie Hammond
+ 44 (0) 20 7523 80
Stifel
Joint Broker
Ashton Clanfield / Varun Talwar
+44 (0) 20 7710 7600
Cantor Fitzgerald
Research Analysts
Puneet Singh +1 (416) 350-8153
About the Company
ACG Metals is a company with a vision to consolidate the copper industry through a series of roll-up acquisitions, with best-in-class ESG and carbon footprint characteristics.
In September 2024, ACG successfully completed the acquisition of the Gediktepe Mine which is expected to transition to primary copper and zinc production from 2026 and will target annual steady-state copper equivalent production of 20-25 kt. Gediktepe sold 57koz of AuEq in 2024.
ACG's team has extensive M&A experience built through decades spent at blue-chip multinationals in the sector. The team brings a significant network as well as a commitment to ESG principles and strong corporate governance.
LON: ACG | OTCQX: ACGAF | LON: ACGW | Xetra: ACG | Bond ISIN: NO0013414565
For more information about ACG, please visit: www.acgmetals.com
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SOURCE ACG METALS LIMITED
FAQ
What does ACGAF announce on October 9, 2025 regarding Türkiye assets?
How was the 2% NSR to Polimetal created under the 2012 agreement with Kenz Madencilik?
When will the 2% NSR generate payments to ACG Metals (ACGAF)?
Does the NSR require ACG Metals to fund exploration or operations?
What minerals is the licence targeting under current exploration?
