Hi Frogkey, as a matter of fact they will be subject to royalties, see below;
ANN 13 March 2023
Caldeira Project Definitive Acquisition Agreement Signed
"Any Licences within a 10km radius of the outer boundary of the Caldeira Project acquired by either Meteoric or Togni shall also be subject to the terms of the Agreement."
Ann: Further Strategic Expansion of Caldeira REE Project, page-22
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