Buffalo Potash Enters LOI to Sell Disley West Royalty for C$8.5M
Altius would pay C$3.4M at closing and C$5.1M upon brine-circulation conditions for a 1.0% gross overriding royalty. The LOI also grants Altius a right of first offer on Disley East.
Buffalo Potash has signed a binding letter of intent for Altius to acquire a 1.0% gross overriding royalty on Disley West for C$8.5M. Payment is divided between C$3.4M at closing and C$5.1M once brine-circulation conditions are met. Altius will also receive a right of first offer on Disley East. IPM is targeting first production in Q1 2027.