The royalty (0.27% NSR) was earned following the agreement signed between Messeguay Mines Inc. and Ressources Unifiées Oasis Inc. on February 12, 1991. This agreement refers to an earlier agreement dated February 23, 1983.
Messeguay Mines Inc. became Melkior Resources Inc. The interests of Ressources Unifiées Oasis Inc. were transferred to Glen Eagle Resources Inc.
On April 19, 2012, Glen Eagle Resources Inc signed an agreement Multi-Ressources Boréal, for the sale of 75% interest in the Barry Souart Gold property for an upfront cash payment of $300,000. Glen Eagle Resources Inc received a 1% royalty NSR that could be repurchased for $1 million.
On November 5, 2014, the Glen Eagle Resources Inc agreed to sell the remaining 25% and 1% NSR of Souart for a total consideration of $150,000.
On February 3, 2016 the Souart projects was purchased by Oban Mining Corporation (now Osisko Mining).