# ATEX Reduces NSR Royalty on the Valeriano Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f Original source: https://money.tmx.com/en/quote/ATX/news/6108297407200542/atex-reduces-nsr-royalty-on-the-valeriano-project Publisher: tmx Original announcement: 2026-06-23T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: ATEX Resources Inc. - Ticker: ATX - Exchange: TSX - Region: Atacama Region III, Chile - Primary commodity: Copper - Secondary commodities: Gold, Silver, Molybdenum - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-17 10:48:02 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary ATEX Resources Inc. has reduced the NSR royalty on its Valeriano project from 2.5% to 2.3% through the sale of its 10% stake in SCMV. The transaction also generated approximately $2.4 million in cash, representing a profit on the original $1.5 million investment. Reasoning: The company successfully reduced its royalty burden while monetizing a previous equity stake, improving project economics and cash position. - Positive factor: Reduction in NSR royalty burden from 2.5% to 2.3% - Positive factor: Realization of positive return on past investment \($2.4M proceeds vs $1.5M cost\) - Positive factor: Retention of Right of First Refusal \(ROFR\) on remaining royalty - Positive factor: No known royalty burden on adjacent Nuevo Horizonte land package Facts used in scoring: 6 ## Classification and evidence **Agreement/Transaction** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document details the sale of a 10% stake in SCMV and the resulting reduction in NSR royalty. Evidence · text > reduced the net smelter return royalty \(" NSR "\) on the Valeriano project by 0.2%, from 2.5% to 2.3%, as partial consideration for the sale of its 10% stake in Sociedad Contractual Minera Valleno \(" SCMV "\) ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f#fact-resource-facts-1) Valeriano · copper #### Identity - Project: Valeriano - Commodity: copper - Region: chile - Reported Region: Atacama Region III, Chile - Ticker: ATX #### Resource scope - Estimate type: resource - Effective date: 2025-09-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:bfd81d245be27439fd1b #### Resource Data - Category: indicated - Tonnes: 475000000 - Grade: 0.58 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-09-23 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: High confidence Indicated resource with significant tonnage and grade. - Positive factor: Large tonnage - Positive factor: Strong copper grade for porphyry Evidence · text > Indicated Mineral Resource of 475 Mt at 0.88% CuEq \(0.58% Cu, 0.25 g/t Au, 1.39 g/t Ag and 70.4 g/t Mo\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f#fact-resource-facts-2) Valeriano · copper #### Identity - Project: Valeriano - Commodity: copper - Region: chile - Reported Region: Atacama Region III, Chile - Ticker: ATX #### Resource scope - Estimate type: resource - Effective date: 2025-09-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:69b10c4ac9679ed7d18f #### Resource Data - Category: inferred - Tonnes: 1511000000 - Grade: 0.5 - Grade Unit: % #### Prior Estimate - Resource Date: 2025-09-23 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Very large scale inferred resource. - Positive factor: Massive tonnage Evidence · text > Inferred Mineral Resource of 1,511 Mt at 0.75% CuEq \(0.50% Cu, 0.20 g/t Au, 1.16 g/t Ag and 70.6 g/t Mo\) #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f#fact-resource-facts-3) Valeriano · gold #### Identity - Project: Valeriano - Commodity: gold - Region: chile - Reported Region: Atacama Region III, Chile - Ticker: ATX #### Resource scope - Estimate type: resource - Effective date: 2025-09-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:09ca597f2d7df23e02ce #### Resource Data - Category: indicated - Grade: 0.25 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-09-23 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Secondary metal component of the resource. Evidence · text > 0.25 g/t Au #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f#fact-resource-facts-4) Valeriano · silver #### Identity - Project: Valeriano - Commodity: silver - Region: chile - Reported Region: Atacama Region III, Chile - Ticker: ATX #### Resource scope - Estimate type: resource - Effective date: 2025-09-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:09ca597f2d7df23e02ce #### Resource Data - Category: indicated - Grade: 1.39 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-09-23 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Secondary metal component of the resource. Evidence · text > 1.39 g/t Ag #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/atex-reduces-nsr-royalty-on-the-valeriano-project--bacd8eab-8a89-4ea7-abe6-e51bdcf5206f#fact-resource-facts-5) Valeriano · molybdenum #### Identity - Project: Valeriano - Commodity: molybdenum - Region: chile - Reported Region: Atacama Region III, Chile - Ticker: ATX #### Resource scope - Estimate type: resource - Effective date: 2025-09-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:09ca597f2d7df23e02ce #### Resource Data - Category: indicated - Grade: 70.4 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2025-09-23 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Secondary metal component of the resource. Evidence · text > 70.4 g/t Mo #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.