secwatch.observer — SEC 8-K summary
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Issuer:     Premier Air Charter Holdings Inc. (PREM)
CIK:        0001570937
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0001554795-22-000146
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1570937/000155479522000146/0001554795-22-000146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1570937/000155479522000146/atao0413form8k.htm
  HTML page:      https://secwatch.observer/filing/0001554795-22-000146

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