Wheaton Precious Metals Corp. entered into a binding agreement to acquire 1.5% net smelter return royalty interest in the DeLamar and Florida mountain project in Idaho from DeLamar Mining Company for $9.8 million.

Wheaton Precious Metals Corp. (TSX:WPM) entered into a binding agreement to acquire 1.5% net smelter return royalty interest in the DeLamar and Florida mountain project in Idaho from DeLamar Mining Company for $9.8 million on February 20, 2024. The consideration consists of $9.75 million to be paid in two equal installments.

The first installment of $4.875 million was paid on closing on March 7, 2024. The second installment is expected to be paid four months after the first installment.