---
schema_version: "secwatch.filing_event.v1"
accession: "0001554795-22-000146"
form_type: "8-K"
ticker: "PREM"
cik: "0001570937"
company_name: "Premier Air Charter Holdings Inc."
filed_at: "2022-04-13T23:59:59+00:00"
generated_at: "2026-06-26T07:40:26.320222+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Altair International loses mining lease due to missed $25K advance royalty payment

## Summary
- Mining lease dated August 3, 2020 with Oliver Geoservices LLC terminated on April 13, 2022.
- Termination triggered by Altair's failure to make the December 1, 2021 extension payment.
- Lease required advance royalty payments starting at $25,000, increasing $25,000 annually to $100,000.
- Altair lost exclusive mining rights and a 3% net smelter royalty obligation on production ceased.
- No financial impact disclosed; no other material agreements reported.

## SEC filing metadata
- accession: 0001554795-22-000146
- form_type: 8-K
- ticker: PREM
- cik: 0001570937
- company_name: Premier Air Charter Holdings Inc.
- filed_at: 2022-04-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1570937/000155479522000146/0001554795-22-000146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1570937/000155479522000146/atao0413form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554795-22-000146
- JSON: https://secwatch.observer/filing/0001554795-22-000146.json
- Plain text: https://secwatch.observer/filing/0001554795-22-000146.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.