Royal Standard Minerals Inc. (RYSMF) announced the sale of its 100 percent interest in the Railroad Project in Elko County on the southern Carlin Trend to a private party for $2.965 million.

Royal Standard’s net profit after a payout of an option to purchase on the land is $1.2 million, and the company retained a 1 percent royalty. Royal Standard also received 500,000 common shares in the private company that bought the project.