Marathon Gold (MGDPF) said t agrees to sell an additional 1.5% net smelter returns royalty on its Valentine gold project in Newfoundland and Labrador to Franco-Nevada (FNV) for US$45M.

Under the Royalty Agreement, Royal Gold AG will receive a 0.30% net smelter return or NSR royalty on all metals from the expanded area, increasing annually by 0.0375% to a maximum of 0.60% by 2033 ...