Full Metal and Kinross have revised the terms of their alliance. The new agreement outlines a budget of US$1.5 million for exploration in Alaska, where Kinross will fund US$1 million, and Full Metal funds US$500,000. The junior has issued a promissory note for US$500,000 due in July 2010 to the gold producer. Full Metal has the option to repay Kinross in cash or issue shares for the full amount.