en.Wedoany.com Reported - Zeus North America Mining (CSE:ZEUS) has signed an option agreement to acquire patented mining claims located in Butte County, Idaho, USA.

The company, through its wholly-owned subsidiary CJ-1 LLC, will obtain a 100% interest in these mining claims over five years, subject to approval from the Canadian Securities Exchange (CSE). Zeus will make cash payments totaling $750,000 (approximately C$1.08 million) to seller Gary Baker. The payment schedule includes: $15,000 upon signing, $25,000 at six months, $40,000 each in the first and second years, $50,000 each in the third and fourth years, and a final payment of $530,000 at the fifth anniversary.

Upon completion of all payments, Baker will retain a 2% net smelter return royalty on these mining claims. Zeus has the right to repurchase half of the royalty at any time for $1 million. The company may also accelerate all payments by making a one-time payment of $500,000 within 18 months of signing the agreement.

Zeus North America Mining is an exploration company focused on mineral exploration in Idaho's mining districts. Its primary project is the Cuddy Mountain project, comprising 101 claims, which is adjacent to Hercules Metal's (TSX-V:BIG) Leviathan copper porphyry discovery.

The company also holds the Selway property (57 claims) and the Great Western property (38 claims), covering a combined area of approximately 4,200 acres. Additionally, Zeus recently signed another option agreement to acquire interests in the Delker and Bulls Eyes copper-gold properties in Nevada.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com