Zincore Metals Inc. (TSXV:ZNC.H) entered in an agreement to acquire remaining 50.1% stake in Dolores Copper Porphyry Project from First Quantum Minerals Ltd. (TSX:FM) on February 16, 2017. Zincore will grant First Quantum a 3.5% net smelter returns royalty on any future production that may occur at the Dolores Project. Zincore shall have the right to reduce the royalty at any time by 1.5% points to 2%, by paying First Quantum $4 million.

Specific terms of the royalty agreement are to be negotiated over the next 90 days.