sur Aston Bay Holdings Ltd (NASDAQ:ATBHF)
Aston Bay Secures C$1.38 Million for Storm Copper Project
Aston Bay Holdings Ltd. announced the receipt of an initial C$1.38 million royalty payment for the Storm Copper Project, part of a larger C$3.46 million allocation. This funding, provided by Taurus Mining Royalty Fund L.P., underlines a significant collaboration with joint venture partner American West Metals Limited.
The arrangement entails up to C$17.3 million in funding, aimed at advancing the exploration and development of the Storm Copper Project. Aston Bay holds a 20% interest in the unincorporated joint venture with American West covering the Storm property, maintaining a free carried interest until a mining decision is achieved after a feasibility study.
The financial injection will support Aston Bay's ongoing projects with no restrictions on the use of funds, facilitating the expansion of exploration efforts, including the 2024 drill program and 2025 field activities.
R. E.
Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Aston Bay Holdings Ltd